Mr. Porter sells 10 bottles of champagne per week at a price of $100 per bottle. He can sell 11 bottles per week if he lowers the price to $90 per bottle. The quantity and the price effects on total revenue would be, respectively:

Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.