The equilibrium quantity of labor increases and the equilibrium wage decreases when: A) labor supply shifts to the right, if wages are flexible, B) labor supply shifts to the left, if wages are flexible. C) labor demand shifts to the left, if wages are flexible. D) labor demand shifts to the right, if wages are flexible

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
ChapterP3: Market Structure
Section: Chapter Questions
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The equilibrium quantity of labor increases and the equilibrium wage decreases when:
A) labor supply shifts to the right, if wages are flexible,
B) labor supply shifts to the left, if wages are flexible.
C) labor demand shifts to the left, if wages are flexible.
D) labor demand shifts to the right, if wages are flexible.
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