This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D1 and D2 are the labor demand curves. On the horizontal axis, L represents the quantity of labor in the market. Refer to Figure 18-4. Which of the following is a possible explanation of the shift of the labor-demand curve from D1 to D2? Question 17 options: The wage earned by automobile workers increased. The opportunity cost of leisure, as perceived by automobile workers, decreased. The price of automobiles increased. Large segments of the population changed their tastes regarding leisure versus work.
This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D1 and D2 are the labor demand curves. On the horizontal axis, L represents the quantity of labor in the market. Refer to Figure 18-4. Which of the following is a possible explanation of the shift of the labor-demand curve from D1 to D2? Question 17 options: The wage earned by automobile workers increased. The opportunity cost of leisure, as perceived by automobile workers, decreased. The price of automobiles increased. Large segments of the population changed their tastes regarding leisure versus work.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D1 and D2 are the labor demand curves. On the horizontal axis, L represents the quantity of labor in the market.
Refer to Figure 18-4. Which of the following is a possible explanation of the shift of the labor-demand curve from D1 to D2?
Refer to Figure 18-4. Which of the following is a possible explanation of the shift of the labor-demand curve from D1 to D2?
Question 17 options:
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The wage earned by automobile workers increased.
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The
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The
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Large segments of the population changed their tastes regarding leisure versus work.
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