Labor demand and supply simultaneously increase

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Reference no: EM131096020

Which of the following will occur if labor demand and supply simultaneously increase?

An increase in equilibrium wages and ambiguous change in the equilibrium quantity of labor

An ambiguous change in equilibrium wages and equilibrium quantity of labor

An ambiguous change in equilibrium wages and an increase in the equilibrium quantity of labor

A decrease in equilibrium wages and an increase in the equilibrium quantity of labor

Reference no: EM131096020

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