Scenario: The labor market in Delaware is depicted in the following figure. Suppose 10,000 out-of-state workers move to Delaware.

-Refer to the scenario above.Before this migration,the employment in Delaware was equal to ________,and after this migration the employment will equal ________.

Question

Scenario: The labor market in Delaware is depicted in the following figure. Suppose 10,000 out-of-state workers move to Delaware.
 
-Refer to the scenario above.Before this migration,the employment in Delaware was equal to ________,and after this migration the employment will equal ________.

Quizplus · Accepted Answer

Before the migration, the employment in Delaware was 25,000. After the migration, the labor supply increased by 10,000, shifting the supply curve to the right. The new equilibrium point occurs where the new supply curve intersects with the original demand curve, leading to an increase in employment from 25,000 to 30,000. Therefore, the correct answer is B).

Scenario: the Labor Market in Delaware Is Depicted in the Following