The Bureau of Labor statistics identifies an occupational trend in the labor market for medical professionalis where wages
have increased significantly over the past several years. As a result of this observed occupational trend more individuals
within the economy enter the labor market. How does this influence wages and employment within the labor market?
A. The market equibrium wage will increase and the equilibrium quantity of labor will increase
B. The market equilibrium wage will increase and the equilibrium quantity of labor will decrease
C. The market equilibrium wage will decrease, and the equilibrium quantity of labor will decrease
D. The market equ brium wage will decrease, and the equilibrium quantity of labor will increase
Answers: 3
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The Bureau of Labor statistics identifies an occupational trend in the labor market for medical prof...
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