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In an industry that requires workers with specific skills, initially the market for labor is in equilibrium.Then a government-sponsored training program increases the number of
In an industry that requires workers with specific skills, initially the market for labor is in equilibrium.Then a government-sponsored training program increases the number of qualified workers. In that scenario, equilibrium wage __________ and the quantity of workers employed __________.
a) decreases; decreases
b) increases; increases
c) decreases; increases
d) increases; decreases
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