Multiple Choice
Figure 18-8
This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D₁ and D₂ are the labor demand curves. On the horizontal axis, L represents the quantity of labor in the market.
-Refer to Figure 18-8.Which of the following events would most likely explain a shift of the labor-demand curve from D₂ back to D₁?
A) The price of automobiles decreased.
B) A large number of immigrants entered the automobile-worker market.
C) A technological advance increased the marginal product of automobile workers.
D) The demand for automobiles increased.
Correct Answer:
Verified
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