The equilibrium quantity of labor increases and the equilibrium wage decreases when:
A. labor demand shifts to the left, if wages are flexible.
B. labor supply shifts to the left, if wages are flexible.
C. labor demand shifts to the right, if wages are flexible.
D. labor supply shifts to the right, if wages are flexible,
Answer:D
The equilibrium quantity of labor increases and the equilibrium wage decreases when:
A. labor demand shifts to the left, if wages are flexible. B. labor supply shifts to the left, if wages are flexible. C. labor demand shifts to the right, if wages are flexible. D. labor supply shifts to the right, if wages are flexible,
Explanation: Type: Multiple Choice Category: Analyze