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Suppose that the labor market for college professors is currently in equilibrium. An increase in the population increases the demand for a college education, which

Suppose that the labor market for college professors is currently in equilibrium. An increase in the population increases the demand for a college education, which in turn raises the price. In the labor market, this will: multiple choice 1 decrease the demand for labor. increase the supply of labor. increase the demand for labor. decrease the supply of labor

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