In the market for strawberries the following two things happen. After an influential article on the health benefits of strawberries, the demand for strawberries increases. Due to worker unrest and strikes, many workers stay away from work. Assume that the magnitude of the impact of both events is the same. Which of the following statements is INCORRECT? a) The strikes caused a similar decrease in the supply of labourers in the strawberries industry, this caused the wage rate to increase and the number of workers to stay the same. b) The demand for strawberries increases this will cause the price of strawberries to increase. c) The demand for strawberries increases causing the wage rate to increase and the number of workers to increase. d) When the price increases the demand for labourers in the strawberries, industry increases

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
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Chapter7: Consumers, Producers, And The Efficiency Of Markets
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6. In the market for strawberries the following two things happen. After an influential article on the health benefits of strawberries, the demand for strawberries increases. Due to worker unrest and strikes, many workers stay away from work. Assume that the magnitude of the impact of both events is the same.
Which of the following statements is INCORRECT?
a) The strikes caused a similar decrease in the supply of labourers in the strawberries industry, this caused the wage rate to increase and the number of workers to stay the same.
b) The demand for strawberries increases this will cause the price of strawberries to increase.
c) The demand for strawberries increases causing the wage rate to increase and the number of workers to increase.
d) When the price increases the demand for labourers in the strawberries, industry increases

 

 

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