(Figure: Equilibrium in the Labor Market) In the figure Equilibrium in the Labor
Market, a decrease in the price of the good produced, when everything else stays the
same, will lead to a(n) ________ in the equilibrium quantity of labor and a(n) ________
in the equilibrium price of labor.
A) increase; increase
B) decrease; increase
C) increase; decrease
D) decrease; decrease
