This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D1 and D2 are the labor demand curves. On the horizontal axis, L represents the quantity of labor in the market. D2 Refer to Figure . Which of the following is a possible explanation of the shift of the labor-demand curve from D1 to D2? Select one: a.Large segments of the population changed their tastes regarding leisure versus work. b.The wage earned by automobile workers increased. c.The opportunity cost of leisure, as perceived by automobile workers, decreased. d. The price of automobiles increased.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
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This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D1 and D2 are the labor demand
curves. On the horizontal axis, L represents the quantity of labor in the market.
D2
D1
Refer to Figure . Which of the following is a possible explanation of the shift of the labor-demand curve from D1 to D2?
Select one:
a.Large segments of the population changed their tastes regarding leisure versus work.
b.The wage earned by automobile workers increased.
c.The opportunity cost of leisure,
perceived by automobile workers, decreased.
d.The price of automobiles increased.
Transcribed Image Text:This figure below shows the labor market for automobile workers. The curve labeled S is the labor supply curve, and the curves labeled D1 and D2 are the labor demand curves. On the horizontal axis, L represents the quantity of labor in the market. D2 D1 Refer to Figure . Which of the following is a possible explanation of the shift of the labor-demand curve from D1 to D2? Select one: a.Large segments of the population changed their tastes regarding leisure versus work. b.The wage earned by automobile workers increased. c.The opportunity cost of leisure, perceived by automobile workers, decreased. d.The price of automobiles increased.
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