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The Bureau of Labor statistics identifies an occupational trend in the labor market for medical professionals, 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?
O The market equilibrium wage will increase, and the equilibrium quantity of labor will increase.
O The market equilibrium wage will increase, and the equilibrium quantity of labor will decrease.
O The market equilibrium wage will decrease, and the equilibrium quantity of labor will increase.
O The market equilibrium wage will decrease, and the equilibrium quantity of labor will decrease.

Respuesta :

jayilych4real

Based on the occupational trend, the influence on wages and employment within the labor market will be:

  • The market equilibrium wage will increase, and the equilibrium quantity of labor will increase.

  • Market equilibrium wage has to do with the balance between demand and supply for a particular market.

  • When there is an increase in wages (supply), then there will also exist an equal wage rate, if there is an equilibrium in the number of workers.

  • Therefore, your answer is option A

Read more here:

https://brainly.com/question/6672674

Answer:

O The market equilibrium wage will decrease, and the equilibrium quantity of labor will increase.

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