figure 9.16 depicts the model of a labour market where there are 90 million workers. the current labour market equilibrium is at a. now consider the case where the total labour supply is increased to 100 million. based on this information, which of the following statements are correct regarding the adjustment process in the labour market? higher unemployment results in a reduction in the employment rent enjoyed by workers employed at the current wage. the firms are required to raise wages to induce workers to work hard. initially, unemployment doubles. the wage-setting curve shifts downward.