Introduction to Economics 1 Deneme Sınavı Sorusu #829631

If in a country most of the working age population migrates abroad, and at the same time the market price for good X increases by 150%, what will happen for certain in the labor market equilibrium of the industry producing the good X?

Equilibrium wage will increase.

Equilibrium wage will decrease.

Employment will increase.

Employment will decrease

Employment will increase, wages will decrease.

Yanıt Açıklaması:

Due to migration, labor supply will decrease and labor supply curve will shift left. Due to increase in the price of good X, demand for labor by firms will increase and the labor demand curve will shift right. The new equilibrium wage will be higher while new equilibrium employment may be higher or lower, depending on which of the curves shifted more.

PAYLAŞ:

SORUNUN CEVABI: A

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