Assume That This Graph Illustrates a Perfectly Competitive Labor Market

question 34

Multiple Choice

Assume that this graph illustrates a perfectly competitive labor market. If the supply of person-hours in this market shifts to the right, then the equilibrium wage will ______ and the equilibrium number of person-hours will ______.

• A)fall; increase
• B)increase; increase
• C)stay the same; increase
• D)fall; decrease

---

Definitions:

Killed

To cause the death of a living organism, often referred to in contexts ranging from biology to law and ethics.

Implicit Prejudice

Implicit prejudice refers to unconscious biases or attitudes individuals hold against others, which can influence behavior and decisions without conscious awareness.

Discrimination

The unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or gender.

Normative Social Influence

The compelling influence of companions or society that leads us to change our demeanor to be welcomed and liked by them.