(Figure: Increase in Worker Wages) Which might occur due to an increase in wages in a labor market? So Wage Rate Number of Workers a movement from point a to point b a movement from point b to point a a shift in the labor supply curve from So to St a shift in the labor supply curve from S₁ to So S1

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: Earnings And Discrimination
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(Figure: Increase in Worker Wages) Which might occur due to an increase in wages in a labor market?
So
Wage Rate
b
Number of Workers
a movement from point a to point b
a movement from point b to point a
a shift in the labor supply curve from So to S₁
a shift in the labor supply curve from S₁ to So
S1
Transcribed Image Text:(Figure: Increase in Worker Wages) Which might occur due to an increase in wages in a labor market? So Wage Rate b Number of Workers a movement from point a to point b a movement from point b to point a a shift in the labor supply curve from So to S₁ a shift in the labor supply curve from S₁ to So S1
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