Consider our model of labour supply and labour demand(oneperiodmodel).Suppose an invention of a new management technology increases the productivity of all factors in the economy. How will this shock affect the labour marketequilibrium?

A.

Equilibrium quantitiy of labour will godown,and equilibrium wage will go up

B.

Equilibrium quantitiy of labour will godown,and equilibrium wage will go down

C.

Equilibrium quantitiy of labour will goup,and equilibrium wage will go down

D.

Equilibrium quantitiy of labour will goup,and equilibrium wage will go up

E.

Not enough information to answer the question