An increase in labor productivity shifts the labor ________ curve ________
A) demand; rightward
B) demand; leftward
C) supply; rightward
D) supply; leftward
A
You might also like to view...
The marginal private cost of a good or service is the cost borne by the producer
Indicate whether the statement is true or false
A price floor (set above the equilibrium price) on rice will
A) force otherwise profitable farmers out of business. B) result in a shortage of rice. C) result in a surplus of rice. D) clear the market for rice. E) both a and b
Refer to the graph shown.
Suppliers producing L will spend up to area(s) ________ to limit output to L.
A. A B. B C. A and B D. B and D
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the
equilibrium quantity (Q) of X. Refer to the given information. An increase in the prices of resources used to produce X will: A. increase S, increase P, and increase Q. B. increase D, increase P, and increase Q. C. decrease S, decrease P, and decrease Q. D. decrease S, increase P, and decrease Q.