Figure 12-1

-If one short-run supply curve in Figure 12-1 was for truck drivers and the other was for nuclear physicists (also short-run),which one would probably be the supply curve for physicists?
A)Q₂
B)Q₃
C)Sb
D)Sa

Question

Figure 12-1
 
-If one short-run supply curve in Figure 12-1 was for truck drivers and the other was for nuclear physicists (also short-run),which one would probably be the supply curve for physicists?
A)Q₂ 
B)Q₃ 
C)Sb 
D)Sa

Quizplus · Accepted Answer

The supply curve for nuclear physicists would likely be Q3 because it is less elastic than the supply curve for truck drivers (Q2). This is because nuclear physicists require more specialized training and education, which makes it more difficult to increase the supply of nuclear physicists in the short run.

Figure 12-1 -If One Short-Run Supply Curve in Figure 12-1 Was for Figure