Assume that the graph below describes the current labor market for nurses in a mid-sized city and that the labor market is perfectly competitive.
Suppose that several years ago the supply of nurses in this city was S0. What might explain the change from S0 to S1?
A) an increase in nurses' wages
B) a decrease in nurses' wages
C) increased immigration of people trained as nurses in other countries.
D) increased employment opportunities outside of nursing.
Correct Answer:
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