8) Consider our model of labour supply and labour demand. Suppose the government decreases the lump-sum tax, T. How will this shock affect the labour market equilibrium? A) Equilibrium quantitiy of labour will go up, and equilibrium wage will go up By Equilibrium quantitiy of labour will go up, and equilibrium wage will go down Equilibrium quantitiy of labour will go down, and equilibrium wage will go up D) Equilibrium quantitiy of labour will go down, and equilibrium wage will go down E) Not enough information to answer the