In the Following Graph, Q_S1 and Q_S2 are the Supply

question 8

Multiple Choice

In the following graph, Q_S1 and Q_S2 are the supply curves for labour and Q_D1 and Q_D2 are the demand curves for labour. Refer to the graph to answer the question. When Q_S1 shifts to Q_S2 and Q_D1 shifts to Q_D2, _____.

• A) the supply of labour exceeds the demand for labour
• B) the demand for labour exceeds the supply of labour
• C) the quantity of labour demanded falls
• D) the equilibrium quantity of labour remains constant

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