The Figures Given Below Show the Demand (D)and Supply (S)

question 112

Multiple Choice

The figures given below show the demand (D) and supply (S) curves of labor in two different markets.Figure 16.3

-If the supply of skilled workers is increased such that it is equal to the supply of unskilled workers, we can expect:

• A)wages of skilled workers to be equal to wages of unskilled workers.
• B)wages of skilled workers to be lower than wages of unskilled workers.
• C)wages of skilled workers to be higher than wages of unskilled workers.
• D)wages of unskilled workers to fall from its current level.
• E)wages of both skilled and unskilled workers to remain unaffected.

---

Definitions:

Leadership Warrants

The justifications or reasons that validate someone assuming a leadership role, often based on skills, experiences, and the ability to inspire others.

Charismatic Leader

A leadership style characterized by an individual's ability to inspire and motivate others through their personal charm and persuasive communication.

Subjective Perceptions

Individual interpretations or views of situations, events, or stimuli, influenced by personal beliefs, feelings, and experiences.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.