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If the labor supply curve shifts to the left and the labor demand curve remains unchanged, what will ...

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If the labor supply curve shifts to the left and the labor demand curve remains unchanged, what will ...

Question 1.

If the labor demand curve shifts to the right and the labor supply curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment? Illustrate your answer with a graph.

Question 2.

If the labor supply curve shifts to the left and the labor demand curve remains unchanged, what will happen to the equilibrium wage and the equilibrium level of employment? Illustrate your answer with a graph.

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Microeconomics

Edition: 7^th

Authors: Hubbard, O'Brien

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