c. If, in seeking to increase opportunities for lower income families, the government significantly increases subsidies available for individuals to pursue a college education, the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. the market supply curve for labor will shift to the right. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor. the market supply curve for labor will shift to the left.
c. If, in seeking to increase opportunities for lower income families, the government significantly increases subsidies available for individuals to pursue a college education, the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor. the market supply curve for labor will shift to the right. the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor. the market supply curve for labor will shift to the left.
Chapter10: Labor Markets And Income Distribution
Section: Chapter Questions
Problem 12SQ
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c. If, in seeking to increase opportunities for lower income families, the government significantly increases subsidies available for individuals to pursue a college education,
the point representing the equilibrium wage and quantity of workers will move up and to the right along the market supply curve for labor.
the market supply curve for labor will shift to the right.
the point representing the equilibrium wage and quantity of workers will move down and to the left along the market supply curve for labor.
the market supply curve for labor will shift to the left.
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