Asked by
Febian Rusanoski
on Dec 12, 2024Verified
What happens to labor supply in the pear-picking market when the wage paid to apple pickers increases?
A) The labor supply will stay unchanged until the wages paid to pear pickers change.
B) The labor supply will decrease.
C) The labor supply will increase.
D) The labor supply may fall or rise, depending on the price of pears.
Labor Supply
Refers to the total hours that workers or the labor force are willing to work at a given wage rate.
Apple Pickers
Workers or laborers who specialize in harvesting apples from orchards during the picking season.
- Estimate how shifts in the external market influence the demand and supply of resources.
- Gain insight into how factor mobility affects the supply elasticity of resources.
Verified Answer
CM
Learning Objectives
- Estimate how shifts in the external market influence the demand and supply of resources.
- Gain insight into how factor mobility affects the supply elasticity of resources.
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