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Assume That the Graph Below Describes the Current Labor Market

Question 40

Multiple Choice

Assume that the graph below describes the current labor market for nurses in a mid-sized city and that the labor market is perfectly competitive. Assume that the graph below describes the current labor market for nurses in a mid-sized city and that the labor market is perfectly competitive.   Suppose that several years ago the supply of nurses in this city was S₀. What might explain the change from S₀ to S₁? A) An increase in nurses' wages B) A decrease in nurses' wages C) Increased immigration of people trained as nurses in other countries D) Increased employment opportunities outside of nursing Suppose that several years ago the supply of nurses in this city was S₀. What might explain the change from S₀ to S₁?


A) An increase in nurses' wages
B) A decrease in nurses' wages
C) Increased immigration of people trained as nurses in other countries
D) Increased employment opportunities outside of nursing

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