Use the following graph (where L is the quantity of labor) to answer the next question. A line graph depicts a demand and a supply curve intersecting each other.The horizontal axis is labeled L with a point marked as L0 and the vertical axis is labeled wage rate. A horizontal line from the vertical axis, labeled supply of labor intersects a decreasing line labeled demand of labor. A dotted straight line from L0 at the horizontal axis connects to the point of intersection of demand and supply of labor. It shows a firm that buys its inputs and sells its output in competitive markets. If the firm develops a new technology that increases labor productivity, the equilibrium level of employment for this firm is expected to be Multiple Choice L0. zero. lower than L0. higher than L0