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Aleks [24]
4 years ago
6

An increase in the population​ ______ the real wage rate and​ ______ the equilibrium quantity of labor.

Business
1 answer:
stealth61 [152]4 years ago
8 0

Answer:

An increase in the population​ decrease the real wage rate and​ increase the equilibrium quantity of labor.

Explanation:

Thinking in the graph of the labor market where combines hour real wage with the quantity of labor, if we increase the population ,  that means the demand of labor will increase so,  the wage will  decrease.

The equilibrium is  where the quantity demanded of labor is equal to the quantity supplied.

So,  if the if the population increase the equilibrium quantity of labor will increase.  

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