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The demand for automobiles fell when gasoline prices increased. Which of the following is likely to ...

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The demand for automobiles fell when gasoline prices increased. Which of the following is likely to ...

The demand for automobiles fell when gasoline prices increased. Which of the following is likely to happen in this case, assuming all else equal?

▸ The supply of labor to the automobile industry will decrease.

▸ The supply of labor to the automobile industry will increase.

▸ The labor demand curve of automobile companies will shift to the left.

▸ The labor demand curve of automobile companies will shift to the right.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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