
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Please see below. Both pictures are part of the same question. The first picture contains the graph needed and the second one contains the questions being asked.

Transcribed Image Text:The graphs show the market labor supply (LS) curve for the country of Littleland. The two graphs show different shifts in the LS
curve, from LS1 to LS2. Assume there is no change in the labor demand curve. For each statement, select the graph that
illustrates the appropriate shift.
Graph A
Graph B
LS1
LS2
LS2
LS1
Quantity of labor
Quantity of labor
Wages

Transcribed Image Text:a. The equilibrium wage rate increases.
b. The equilibrium wage rate decreases.
Graph A
O Graph B
O Graph A
O Graph B
c. The government introduces a free childcare policy.
d. Immigration to Littleland increases.
с.
O Graph A
O Graph B
Graph A
O Graph B
f. The birthrate in Littleland decreases.
e. Emigration from Littleland increases.
O Graph A
O Graph B
O Graph A
O Graph B
g. The birthrate in Littleland increases.
Graph B.
Graph A
ing
0036
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