Suppose there are two labor markets, A and B, and labor is homogeneous between markets. The wage rate in labor market A falls relative to the wage rate in labor market B. What happens in labor market B?
A) The supply curve of labor shifts leftward.
B) The supply curve of labor shifts rightward.
C) The demand curve for labor shifts leftward.
D) b and c
E) none of the above
Correct Answer:
Verified
Q65: Which of the following can cause an
Q66: The lower the elasticity of demand for
Q67: Suppose a sailboat factory and a fishing
Q68: The marginal productivity theory states that
A)as variable
Q69: If, at a particular wage rate in
Q71: A decrease in the wage rate
A)shifts the
Q72: Which of the following is a reason
Q73: If, at a particular wage rate in
Q74: Suppose it has just been discovered that
Q75: Firm A has a higher labor cost-total
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