curve, from LS1 to LS2. Assume there is no change in the labor demand curve. For each statement, select the graph that illustrates the appropriate shift. Graph A Graph B LS1 LS2 LS2 LS1 Quantity of labor Quantity of labor

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Please see below. Both pictures are part of the same question. The first picture contains the graph needed and the second one contains the questions being asked. 

The graphs show the market labor supply (LS) curve for the country of Littleland. The two graphs show different shifts in the LS
curve, from LS1 to LS2. Assume there is no change in the labor demand curve. For each statement, select the graph that
illustrates the appropriate shift.
Graph A
Graph B
LS1
LS2
LS2
LS1
Quantity of labor
Quantity of labor
Wages
Transcribed Image Text:The graphs show the market labor supply (LS) curve for the country of Littleland. The two graphs show different shifts in the LS curve, from LS1 to LS2. Assume there is no change in the labor demand curve. For each statement, select the graph that illustrates the appropriate shift. Graph A Graph B LS1 LS2 LS2 LS1 Quantity of labor Quantity of labor Wages
a. The equilibrium wage rate increases.
b. The equilibrium wage rate decreases.
Graph A
O Graph B
O Graph A
O Graph B
c. The government introduces a free childcare policy.
d. Immigration to Littleland increases.
с.
O Graph A
O Graph B
Graph A
O Graph B
f. The birthrate in Littleland decreases.
e. Emigration from Littleland increases.
O Graph A
O Graph B
O Graph A
O Graph B
g. The birthrate in Littleland increases.
Graph B.
Graph A
ing
0036
Transcribed Image Text:a. The equilibrium wage rate increases. b. The equilibrium wage rate decreases. Graph A O Graph B O Graph A O Graph B c. The government introduces a free childcare policy. d. Immigration to Littleland increases. с. O Graph A O Graph B Graph A O Graph B f. The birthrate in Littleland decreases. e. Emigration from Littleland increases. O Graph A O Graph B O Graph A O Graph B g. The birthrate in Littleland increases. Graph B. Graph A ing 0036
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