According to the Law of Supply, what's the result of an increase in the supply of workers for a job, if all other factors remain equal? Question 12 options:

A:The wage rate will increase, since the pool of talented workers has increased.

B:The wage rate for that job will be pushed down.

C:The wage rate for that job will shift closer to the average rate in that country.

DThe wage rate will be unaffected, since jobs factor in skill and experience.

As the amount of inputs increases, the demand for labor will increase. If the terminal or the telephones malfunction, then the demand for that labor force will decrease. As the quantity of other inputs decreases, the demand for labor will decrease. Similarly, if prices of other inputs fall, production will become more profitable and suppliers will demand more labor to increase production. The opposite is also true. Higher input prices lower demand for labor

Table 2. Factors That Can Shift Demand

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