Question: 02.1 3 Points Explain in words how (e.g., increaseldecrease) and why an increase in (,0 would affect equilibrium labor. You must express your answer in

02.1 3 Points Explain in words how (e.g., increaseldecrease) and why

02.1 3 Points Explain in words how (e.g., increaseldecrease) and why an increase in (,0 would affect equilibrium labor. You must express your answer in your own words. A complete answer will provide clear intuition for why (p affects equilibrium labor Enter your answer here Save Answer 02.2 3 Points Explain in words how (e.g., increase/decrease) and why an increase in (,0 would affect equilibrium output. You must express your answer in your own words. A complete answer will provide clear intuition for why (p affects output. Enter your answer here

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