-Refer to the Graph Above to Answer This Question

question 145

Multiple Choice

-Refer to the graph above to answer this question.Suppose that the original supply and demand curves for labour are S₁ and D₁ and that the market is in equilibrium at point e.What can you conclude has happened if a new equilibrium at c occurs?

• A)The supply of labour,the demand for labour,the wage rate and the equilibrium quantity have all increased.
• B)The demand for labour and the wage rate have both increased while the supply of labour and the equilibrium quantity have both decreased.
• C)The demand for labour and the wage rate have both increased while the supply of labour has decreased and the equilibrium quantity has not changed.
• D)The wage rate has increased,while both the supply of and demand for labour have decreased and the equilibrium wage has remained unchanged.
• E)The wage rate and the equilibrium quantity have increased while both the demand for and the supply of labour has increased.

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Definitions:

Fatty Acids

Long chains of hydrocarbon molecules with a carboxylic acid group, which are components of lipids and play roles in energy storage and cellular structure.

Potassium Ion

A positively charged ion (K+) essential for various biological processes, including nerve transmission and muscle contraction.

Simple Diffusion

The movement of molecules from an area of higher concentration to an area of lower concentration without the need for energy input or assistance of membrane proteins.

Cellular Membrane

The cellular membrane, or plasma membrane, is the biological membrane that separates the interior of all cells from the outside environment, controlling the movement of substances in and out of cells.