Which of the following best describes what happens in the market for labor if the wage rate increases?
Choose 1 answer:
(A) The quantity of labor supplied decreases; the quantity of labor demanded increases
(B) The quantity of labor supplied doesn't change; the quantity of labor demanded increases
(c) The quantity of labor supplied increases; the quantity of labor demanded decreases
(D) The quantity of labor supplied increases; the supply of labor increases
(E) Labor supply increases; labor demand increases
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