Calculator uestion 5 of 11 sepingla Each of the following scenarios will result

Question

Calculator uestion 5 of 11 sepingla Each of the following scenarios will result in elther a shift in the supply curve for labor or a change in the quantity supplied of labor. For each scenario, please indicate whether the change will affect supply or quantity supplied, and in which direction the change will oocur. quantity supplied. and sn w hich dire tr whether the chae wil lffet suppy or What Changes?Which Direction? Hot springs are discovered outside of Golden, Colorado, resulting in the construction of several new ski resorts. The resorts offer many personalized services and require a large staff to accommodate customer needs The Federal government decides to adopt a new visa policy for guest workers seeking to immigrate to the United States in order to find jobs. As a result, 30% more work visas are given out than had previously been granted. The change is expected to be permanent A new diet is popularized by health expert, Richardo Simmonetz, that requires people to eat only fried chicken for six weeks. The popularity of the diet results in more chicken plants being built nationwide to handle the increased demand for chicken. Due to low ticket sales, the Broadway production of the musical Mister Saigon" decides to have its main actors double up on roles train them on stagecraft, intermission. instead of having individual workers for each of these roles. and have them sell concessions during the To the Rght To the Let Quanity Supply Supplied

Explanation / Answer

A.shift in supply of labor, shift to right

B. Shift in supply of labor as labor is now increased due to immigrated. Supply curve shifts to right

C. Increase in quantity supplied of labor, no change in supply curve

D. Increase in supply of labor, supply curve remains the same

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