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