In the event of increased restrictions on working in a particular occupation: the market supply curve would shift to the right the movement along the curve would result in higher wages The Market Labour Supply Curve would shift left there would be no movement of supply none of the above

In the event of increased restrictions on working in a particular occupation: the market supply curve would shift to the right the movement along the curve would result in higher wages The Market Labour Supply Curve would shift left there would be no movement of supply none of the above

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Unemployment

Section20.3: Minimum-wage Laws

Problem 3QQ

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Question

In the event of increased restrictions on working in a particular occupation:

		the market supply curve would shift to the right
		the movement along the curve would result in higher wages
		The Market Labour Supply Curve would shift left
		there would be no movement of supply
		none of the above

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