10:22 III Q E B app.sophia.org Question Tutorials bLabor MRP for Firm ~ DLa b0! Quantity of Labor X a.) The wage rises, and the quantity 0 supplied falls. b.) The wage rises, and the quantity 0 supplied rises. c.) The wage falls, and the quantity 0 supplied falls. d.) The wage falls, and the quantity 0 supplied rises. 10:22 III '3' a B app.sophia.org Question Tutorials Consider the graph below. Compared to the competitive market equilibrium, what effect does a monopsonist have on the wage and quantity of labor supped? Wage ($l MFC for Firm Labor MRP for Firm ~ DLa b0! Quantity of Labor X a.) The wage rises, and the quantity 0 supplied falls. b.) The wage rises, and the quantity 0 supplied rises