In the Following Figure, the First Panel Shows a Market

question 95

Multiple Choice

In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
In the figure,
D: Demand curve for automobiles
S₁: Supply curve of automobiles prior to regulation
S₂: Supply curve of automobiles after regulation
FG: Clean up cost per unit
-If the market price of the product that employs labor in production increases:

• A)the marginal product of labor increases.
• B)the demand curve for labor shifts to the left.
• C)the price of labor decreases.
• D)the marginal revenue product of labor increases.
• E)the supply curve of labor shifts to the left.