P Take a Test - Anil Akdereli - Google ChromeA mathxl.com/Student/PlayerTest.aspx?testld=229144925¢erwin=yesEC 102 2020-2021 SpringAnil Akdereli & 04/13/21 9:37 PMQuiz: EC 102 - Spring 2020-2021 - Make-Up for the 2nd QuizTime Remaining: 00:24:13Submit QuizThis Question: 1 pt2 of 8 (7 complete)This Quiz: 8 pts possibleThe graph on the right shows the demand and supply curves in the market for workers in Starbucks coffee shops (called "baristas"). Assume that Starbucksbaristas are unwilling to accept a wage lower than $11 per hour, causing the wage to be fixed at that level.20-18-Suppose that, due to concerns about the high number of calories in many Starbucks drinks, the demand for Starbucks products declines.So16-Use a graph to explain what will happen to employment in the market for baristas?14-1.) Using the line drawing tool, plot either a new labor supply or labor demand curve that would result from the decline in Starbucks sales. Label your lineappropriately.12-2.) Using the point drawing tool, plot a point that illustrates the new quantity of labor supplied when the wage rate is fixed at $11 per hour. Label your point 'A."10-3.) Using the point drawing tool, plot a point that illustrates the new quantity of labor demanded when the wage rate is fixed at $11 per hour. Label your point 'B.'8-6-Carefully follow the instructions above and only draw the required objects.4-DoGiven your graph, the total amount of unemployment that would result from the decline in demand for Starbucks products along with having a fixed wage at $11can be found by2-O A. subtracting the quantity of labor at point B from the quantity of labor at point A.12Quantity of labor14 1618 20O B. adding the quantity of labor at point A to the quantity of labor at point B.OC. subtracting the quantity of labor at point B from the quantity of labor at point A and dividing by 2.O D. adding the quantity of labor at point A to the quantity of labor at point B and dividing by 2.Suppose the wage is flexible.Now, the impact from the decline in demand for Starbucks products would lead toO A. a decrease in employment but not by as much as under the fixed-wage rate system.O B. no impact on employment compared to before the decline in sales.OC. a decrease in employment that is greater than under the fixed-wage rate system.O D. the same impact on employment as under the fixed-wage rate system.Click the graph, choose a tool in the palette and follow the instructions to create your graph.21:37^ 4) 2 TUR13.04.2021

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The graph on the right shows the demand and supply curves in the market for workers in Starbucks coffee shops (called "baristas"). Assume that Starbucks baristas are unwilling to accept a wage lower than $11 per hour, causing the wage to be foxed at that level. Suppose that, due to concerns about the high number of calories in many Starbucks drinks, the demand for Starbucks products decines. 18 16 Use a graph to explain what wil happen to employment in the market for baristas? 14 1) Uaing the ine drawing too, plet either a new labor supply or labor demand cunve that would result from the decline in Starbucks sales. Label your line appropríately. 2) Using the point drawing tool, plot a point that ilustrates the new quanty of labor suppled when the wage rate is fired at $11 per hour. Label your point'A 3) Using the point drawing tool, plot a point that ilustrates the new quanty of labor demanded when the wage rate is fred at $11 per hour. Label your point B: 12 10 Carefuly folow the instructions above and only draw the required objects. Given your graph, the total amount of unemployment that would result from the decine in demand for Starbucks products along with having a fred wage at $11 can be found by OA. subtracting the quantity of labor at point B from the quantity of labor at point A OB. adding the quantity of labor at point A to the quantity of labor at point B. OC subtracting the quantty of labor at point B from the quantity of laber at point A and dividing by 2. OD. adding the quanthy of labor at point A to the quanty of labor at point B and dividing by 2 Quantity of labor Suppose the wage is fexible. Now, the impact from the decine in demand for Starbucks products would lead to OA. a decrease in empleyment but not by as much as under the ficed-wage rate system OB. no impact on employment compared to before the decline in sales. Oc. a decrease in employment that is greater than under the fixed-wage rate system. OD. the same impact on employment as under the fxed-wage rate system. Click the graph, choose a tool in the palette and follow the instructions to create your graph.