Figure 45.3
-In Figure 45.3, the fact that there is a limit on the number of workers that can be certified is shown by

Question

Quizplus · Accepted Answer

The kinked shape of the new supply curve shows that there is a limit on the number of workers that can be certified. Beyond this limit, the supply curve becomes flatter, indicating that additional workers are not willing or able to become certified. This is because there may be limited availability of training or certification programs, or because the costs of certification may become prohibitively high for some workers. The slope of the old supply curve and demand curve, as well as the increase in the demand curve, do not directly show the limit on the number of workers that can be certified.

Figure 45.3 -In Figure 45.3, the Fact That There Is a Limit