Figure 18-9
-Refer to Figure 18-9. If the apple pickers start working fewer hours because they are taking more vacation time, the equilibrium wage will

Name: Figure 18-9 -Refer to Figure 18-9. If the apple pickers start working fewer hours because they are taking more vacation time, the equilibrium wage will
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Figure 18-9 
-Refer to Figure 18-9. If the apple pickers start working fewer hours because they are taking more vacation time, the equilibrium wage will

Quizplus · Accepted Answer

If apple pickers work fewer hours, the supply of labor decreases, causing the supply curve to shift left. This results in a higher equilibrium wage.

Figure 18-9 -Refer to Figure 18-9. If the Apple Pickers Start Working