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-The Figure Above Shows the Labor Demand and Labor Supply

Question 155

Multiple Choice

-The figure above shows the labor demand and labor supply curves for workers in local fast-food restaurants. The fast-food restaurant industry is competitive. A decrease in the supply of labor shifts the labor supply curve from LS<sub>0</sub> to LS<sub>1</sub>. The wages of fast-food workers A) decrease by $4 per hour. B) decrease by $10 per hour. C) increase by $4 per hour. D) remain the same.
-The figure above shows the labor demand and labor supply curves for workers in local fast-food restaurants. The fast-food restaurant industry is competitive. A decrease in the supply of labor shifts the labor supply curve from LS0 to LS1. The wages of fast-food workers


A) decrease by $4 per hour.
B) decrease by $10 per hour.
C) increase by $4 per hour.
D) remain the same.

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