The government increases the training requirements to obtain an electrician's license. What impact will this have in
the labor market for electricians?
a) The demand for electricians will decrease, resulting in a lower wage and lower quantity of labor.
b) The demand for electricians will increase, resulting in a higher wage and higher quantity of labor.
c) The supply of electricians will decrease, resulting in a higher wage and lower quantity of labor.
d) The supply of electricians will increase, resulting in a lower wage and higher quantity of labor.