Without Any Change in the Supply of Labor,how Are the Following

question 119

Essay

Without any change in the supply of labor,how are the following events likely to change the equilibrium wage and employment level in a firm that manufactures umbrellas?
a) A forecast of higher rainfall this year
b) A decrease in the price of raincoats
c) The introduction of labor-saving technology in the factory

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Definitions:

Extension

A movement increasing the angle between bones or parts of the body, opposite of flexion.

Flexion

The act of bending a joint or limb in the body by the action of flexors.

Supination

The outward roll of the foot during normal motion, or the rotation of the forearm so that the palm faces upwards.

Pronation

The rotational movement of the forearm or foot that turns the palm or sole downward or backward.