Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. This would tend to cause the labor supply curve for citrus pickers to
A) shift to the right, causing the labor demand curve to shift to the right.
B) shift to the left, causing the labor demand curve to shift to the left.
C) remain unchanged, and the wage rate would tend to increase.
D) remain unchanged, and the wage rate would tend to decrease.
Correct Answer:
Verified
Q63: Suppose that we observe that wages are
Q64: When firms increase capital stock, the productivity
Q65: Increased immigration is likely to lead to
Q66: Suppose the government raises the minimum wage
Q67: Increases in the real wage will lead
Q69: Recall the Application about the level of
Q70: Draw a graph illustrating a labor market
Q71: Suppose bad weather in Florida unexpectedly results
Q72: Recall the Application about the level of
Q73: The nominal wage is the wage rate
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents