Suppose the market for autoworkers is initially in equilibrium, but then the dem

Question

Suppose the market for autoworkers is initially in equilibrium, but then the demand for automobiles increases and simultaneously the automakers allow autoworkers workers less flexibility working at the plants.What happens in the market for autoworkers? a.the equilibrium wage rate will increase & the equilibrium quantity of labor will increase,decrease or stay the same b.The equilibrium wage rate and teh equilibrium quantity of labor will both decrease c.the equilibrium wage rate will increase,decrease or stay the same and the equilibrium quantity of labor will increase d.the equilibrium wage rate will decrease and the equilibrium quantity of labor will increase

Explanation / Answer

The answer is A Hope this helps

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.