Suppose that wages in the automobile industry increase. The labor supply curve for other types of...

Suppose that wages in the automobile industry increase. The labor supply curve for other types of manufacturing jobs should shift ____ and the number of workers available at any given wage rate will _____. right; decrease left; increase left; decrease right; increase

Expert Solution

Suppose that wages in the automobile industry increases. The labor supply curve for other types of manufacturing jobs should shift "left" and the number of workers available at any given wage rate will "decrease".

To reach the equilibrium in the market the wages in other market will also have to increase.

Rahul Sunny answered 2 years ago

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