Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. Figure 19.1
-Refer to Figure 19.1. After firms can respond to the payroll tax, there will be an

Question

Refer to the information provided in Figure 19.1 below to answer the question(s) that follow.  Figure 19.1
-Refer to Figure 19.1. After firms can respond to the payroll tax, there will be an

Quizplus · Accepted Answer

After firms can respond to the payroll tax, they adjust their labor demand and possibly wages, leading to a new equilibrium in the labor market where supply meets demand.

Refer to the Information Provided in Figure 19