A. The quantity of labour supplied will exceed the quantity of labour demanded and there will be Unemployment
B. Unions will likely Strike and the wage will fall to equilibrium
C. The quantity of labour demanded will exceed the quantity of labour supplied and there will be a labour shortage
D. The quality of workers in the applicant pool will tend to fall
Correct Answer: The quantity of labour supplied will exceed the quantity of labour demanded and there will be Unemployment ✔
Last Updated: June 18, 2019