Assume That the Graph Below Describes the Current Labor Market

question 125

Multiple Choice

Assume that the graph below describes the current labor market for nurses in a mid-sized city and that the labor market is perfectly competitive. If supply shifts from S₀ to S₁ and demand shifts from D₀ to D₁, then

• A)wages will have to rise to $60 to avoid a nursing shortage.
• B)wages will have to rise to $50 to avoid a nursing shortage.
• C)a wage of $40 will be sufficient to achieve equilibrium.
• D)a wage of $50 will lead to an excess supply of nurses.

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Definitions:

Sexual Violence

Refers to any sexual act or attempt to obtain a sexual act by violence or coercion, acts directed against a person's sexuality using force, by any person regardless of their relationship to the victim.

At Risk

Being in a situation where there is a possibility of experiencing harm or loss.

Homophobia

The fear, hatred, discomfort with, or mistrust of people who are lesbian, gay, bisexual, or transgender.

Manifest

To display or show (a quality or feeling) by one's acts or appearance; to demonstrate.