Microeconomics - Milestone 3 (8)

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Nov 24, 2024

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16 Report an issue with this question Consider the graph below. Suppose there is a strong shift in consumer preference for electric cars in the United States. What is the resulting effect on the demand curve, wage, and quantity of workers in the electric car industry? ● ● Demand shifts to the right, the quantity of workers increases, and the wage falls. ● Demand shifts to the left, the quantity of workers decreases, and the wage rises. ● Demand shifts to the left, the quantity of workers decreases, and the wage falls. UNIT 3 — MILESTONE 3 24/25
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