Multiple Choice
Use the figure below to answer the following questions.
Figure 19.3.5
-Refer to Figure 19.3.5. This figure shows the labour supply curves and the value of marginal product curves for high-skilled and low-skilled workers. If there is an increase in the supply of high-skilled workers and the supply of high-skilled workers is now equal to the supply of low-skilled workers, then employment of high-skilled labour would
A) remain the same.
B) decrease.
C) increase to 40 hours per week.
D) increase to 50 hours per week.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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