In the following graph, Q_S1 and Q_S2are the supply curves for labour and Q_D1 and Q_D2 are the demand curves for labour. Refer to the graph to answer the question. When Q_S1 shifts to Q_S2 and Q_D1 shifts to Q_D2, _____. A) the supply of labour exceeds the demand for labour B) the demand for labour exceeds the supply of labour C) the quantity of labour demanded falls D) the equilibrium quantity of labour remains constant

Question

Quizplus · Accepted Answer

The Answer of In the following graph, Q_S1 and Q_S2are the supply curves for labour and Q_D1 and Q_D2 are the demand curves for labour. Refer to the graph to answer the question. When Q_S1 shifts to Q_S2 and Q_D1 shifts to Q_D2, _____. A) the supply of labour exceeds the demand for labour B) the demand for labour exceeds the supply of labour C) the quantity of labour demanded falls D) the equilibrium quantity of labour remains constant

In the Following Graph, QS1 and QS2 are the Supply

In the Following Graph, Q_S1 and Q_S2are the Supply