The three diagrams below show the supply and demand for teenage babysitters in one local area.The initial supply curve is S₀in all cases. FIGURE 14-3
-Refer to Figure 14-3.Suppose all of the teenage babysitters in one local area form an association and set a minimum age of 16 for working as a babysitter.Which diagram illustrates the new supply curve (S_A) for babysitters?

Question

The three diagrams below show the supply and demand for teenage babysitters in one local area.The initial supply curve is S₀in all cases.

The three diagrams below show the supply and demand for teenage babysitters in one local area.The initial supply curve is S<sub>0 </sub>in all cases. FIGURE 14-3 -Refer to Figure 14-3.Suppose all of the teenage babysitters in one local area form an association and set a minimum age of 16 for working as a babysitter.Which diagram illustrates the new supply curve (S<sub>A</sub>) for babysitters? A) diagram 1 B) diagram 2 C) diagram 3 D) none of the diagrams E) any of the diagrams

FIGURE 14-3
-Refer to Figure 14-3.Suppose all of the teenage babysitters in one local area form an association and set a minimum age of 16 for working as a babysitter.Which diagram illustrates the new supply curve (S_A) for babysitters?

Quizplus · Accepted Answer

Diagram 2 shows the new supply curve (S_A) for babysitters because it depicts a decrease in the quantity of babysitters supplied at every given price due to the minimum age requirement. The supply curve shifts to the left to show the decrease in supply. In contrast, Diagrams 1 and 3 do not show any change in the supply curve, so they are not the correct choice.

The Three Diagrams Below Show the Supply and Demand for Teenage