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Initially the market for labor in the California wine industry is in equilibrium, but then demand for California wines suddenly increases. In that case, equilibrium age __________ and the quantity of workers employed __________. a. decreases; decreases b. increases; increases c. decreases; increases d. increases; decreases

Respuesta :

Answer:

b. increases; increases 

Explanation:

If the demand for wine increases, suppliers would want to increase the quantity of wine supplied. To increase supply of wine, producers would increase their demand for Labour. There would be an excess of demand for Labour over supply. This would lead to a rise in wages and the quantity of labour employed would increase.

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