2. Many economists believe that in 2023 labor markets that are currently experiencing shortages may very well be in surplus conditions as the economy slows down. If this occurs, it will mean: a Wages will be at equilibrium but the resource directing role of prices is not working. b. An increase in the minimum wage in 2023 will be needed to restore equilibrium C. The information being conveyed would be that wages are still below equilibrium 1 The quantity of labor demanded will be lower than quantity supplied, and wages will fall. e. The supply of labor will be greater than the demand so wages will remain stagnant