The market: Carpenters
The hourly wage: $22 per hour.
Let's assume that the productivity of carpenters decreases. What is expected to happen in the labor market for carpenters?
A. the labor supply increases, putting downward pressure on the wage
B. The labor demand decreases, putting downward pressure on the wage
C. the labor supply decreases putting upward pressure on the wage
D. the labor demand increases, putting upward pressure on the wage
