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newconnect.mheducation.com/f ?consumer-id"container,Mig × Netflix Connect Saved Help S Consider the labor demand curve for a city. For each of the following events, indicate its affect a) The local factory installs a robot assembly line. The labor demand curve O shifts to right. O stays in place. O shifts to left b) The local wage increases. In this case, O lábor demand shifts to left. quantity of labor demanded falls. labor supply shifts to right labor supply shifts left. c) The local factory is able to sell more products overseas. The labor demand curve shifts 1 left sinr the marcinal reven"e nndict derrease5

Explanation / Answer

1. As robots are installed, they can replace labour leading to a decrease in labour demand. Thus it shifts to the left.

2. As the wage increases, the firm will reduce the number of labours employed to return back to the equilibrium position leading to a shift in the labour supply curve to the left.

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