Answer each of the following questions regarding the market for labor in the fast-food industry. a. If wages in the retail industry increase (assume that the retail industry requires similar skills as the fast-food industry), the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. the market supply curve for labor will shift to the right. the market supply curve for labor will shift to the left. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor.

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