Consider the market for pilots. what is likely to happen to the equilibrium wage and quantity of pilots if the government enforces a lower mandatory retirement age, say from the age 65 years to the age 62? a. the equilibrium wage and the equilibrium quantity of pilots fall. b. the equilibrium wage and the equilibrium quantity of pilots rise. c. the equilibrium wage falls and the equilibrium quantity of pilots rises. d. the equilibrium wage rises and the equilibrium quantity of pilots falls.