John is highly critical of promotion. recently his son has asked for a new bicycle even though the old one works fine. john believes all the ads for the bicycle on television have convinced his son that he must have the bike to be happy. his wife matilda, however, knows that many of the "coolest" kids in her son's class use that bike. despite her thoughts on the matter, john is convinced that promotion is negative. john believes that

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.