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Assume that the market for DVD players is competitive. Suppose that there is labor-augmenting technological progress in the production of DVD players. This development has

Assume that the market for DVD players is competitive. Suppose that there is labor-augmenting technological progress in the production of DVD players. This development has which of these effects on the labor market for workers in the DVD-player industry? Group of answer choices It decreases the demand for workers and decreases their equilibrium wage. It increases the demand for workers and increases their equilibrium wage. It decreases the supply of workers and increases their equilibrium wage. It increases the supply of workers and decreases their equilibrium wage

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