Question

In: Economics

Suppose that the NBA expands the size of their team rosters. What will this lead to...

  1. Suppose that the NBA expands the size of their team rosters. What will this lead to in terms of labor market demand and supply?

    Demand shifts left

    Supply shifts right

    Supply shifts left

    Demand shifts right

Solutions

Expert Solution

This will increase the labor demand and shift the demand curve to the right. The new equilibrium will be at a higher wage and higher quantity of labor availabe in the market.

The answer is "D".

Rahul Sunny answered 2 years ago
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