Suppose that the market for labor is initially in equilibrium. If the marginal revenue product of labor decreased, what effect would this have on the labor market? Responses the equilibrium quantity of labor would rise but the equilibrium wage would be indeterminate. the equilibrium quantity of labor would rise but the equilibrium wage would be indeterminate. the equilibrium wage and the quantity of labor would both rise. the equilibrium wage and the quantity of labor would both rise. the equilibrium wage would fall and the quantity of labor would rise. the equilibrium wage would fall and the quantity of labor would rise. the equilibrium wage and the quantity of labor would both fall. the equilibrium wage and the quantity of labor would both fall. the equilibrium wage would rise and the quantity of labor would fall