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-The Figure Above Shows the Labor Supply and Labor Demand

Question 127

Multiple Choice

-The figure above shows the labor supply and labor demand curves for personal trainers in the state of Florida.The initial equilibrium hourly wage is $10.Suppose the state of Florida institutes an income tax on labor income of $6 an hour in order to buy voting machines for the next election.With the tax in place,the labor supply curve will A) remain at LS. B) shift to LS1. C) shift to LS2. D) change so that it becomes the same as LD. E) None of the above answers is correct.
-The figure above shows the labor supply and labor demand curves for personal trainers in the state of Florida.The initial equilibrium hourly wage is $10.Suppose the state of Florida institutes an income tax on labor income of $6 an hour in order to buy voting machines for the next election.With the tax in place,the labor supply curve will


A) remain at LS.
B) shift to LS1.
C) shift to LS2.
D) change so that it becomes the same as LD.
E) None of the above answers is correct.

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