An increase in the demand for houses increases the equilibrium wage of carpenters and increases the value of carpenters’ marginal product of labor. increases the equilibrium wage of carpenters and decreases the value of carpenters’ marginal product of labor. decreases the equilibrium wage of carpenters and increases the value of carpenters’ marginal product of labor. decreases the equilibrium wage of carpenters and decreases the value of carpenters’ marginal product of labor.

Increases the equilibrium wage of carpenters and increases the value of carpenters’ marginal product of labor.

Explanation:

Hello,

In economics, when it is said that a demand is increased a higher amount of a particular product must be manufactured due to the higher customers' requirements. It causes an increasing in the workers' labor time and effort which consequently will provide them a higher equilibrium wage typically by extra hours, nonetheless, they will have more work to do, increasing their marginal product of labor as well, in such a way the answer is: An increase in the demand for houses, increases the equilibrium wage of carpenters and increases the value of carpenters’ marginal product of labor.

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