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Scenario: the Labor Market Equilibrium for Ski Patrol Positions at Bridge

Question 99

Multiple Choice

Scenario: The labor market equilibrium for ski patrol positions at Bridge Bowls Resort is shown in the figure below.
Scenario: The labor market equilibrium for ski patrol positions at Bridge Bowls Resort is shown in the figure below.    -Given the situation above and assuming that the wage is fixed at w*,How will the new quantity of labor (call it L₂) compare to L* and the equilibrium quantity of labor from the previous question ( call it L₁) ? A)  L₂ will be less than L₁ and L*. B)  L₂ will be greater than L₁ and less than L*. C)  L₂ will be less than L₁ and greater than L*. D)  L₂ will be greater than L₁ and L*.
-Given the situation above and assuming that the wage is fixed at w*,How will the new quantity of labor (call it L₂) compare to L* and the equilibrium quantity of labor from the previous question ( call it L₁) ?


A) L₂ will be less than L₁ and L*.
B) L₂ will be greater than L₁ and less than L*.
C) L₂ will be less than L₁ and greater than L*.
D) L₂ will be greater than L₁ and L*.

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