Consider the labor market for heath care workers. Because of the aging population in the United States, the output price for health care services has increased. Holding all else equal, the equilibrium quantity of health care employees would
a. The equilibrium wage decreases and the equilibrium quantity of labor increases.
b. The equilibrium wage increases and the equilibrium quantity of labor increases.
c. The equilibrium wage increases and the equilibrium quantity of labor decreases.
d. The equilibrium wage decreases and the equilibrium quantity of labor decreases.
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