Question: Which answer best describes the resulting effect on wage? a.) The wage rate will fall below W subscript below. b.) The wage rate will fall

Which answer best describes the resulting effect on wage? a.) The wage rate will fall below W subscript below. b.) The wage rate will fall toward equilibrium (W subscript straight E). c.) The wage rate will rise above W subscript above. d.) The wage rate will remain at W subscript above

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