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14. If the market demand for labor increases to D,, the market wage will increase to $. and the equilibrium number of workers will increase

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14. If the market demand for labor increases to D,, the market wage will increase to $. and the equilibrium number of workers will increase to - 15. How many workers will the firm hire at this new market wage? 16. When the market wage increased, did the firm hire more or fewer workers? Why? 17. Is the firm's MRP curve also its demand curve for labor? Explain. 18. Are the workers in this market demanded exclusively by firms that produce the identical good, or are they hired by firms that make a variety of different goods? 248 Advanced Placement Economics Microeconomics Student Resource Manual e Council for Economic Education, New York, N.Y

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