Each of the following scenarios will result in either a shift in the supply curv

Question

Each of the following scenarios will result in either a shift in the supply curve for labor or a change in the quantity supplied of labour For each scenario, please indicate whether the change will affect supply or quantity supplied, and in which direction the change will occur. 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, and have them sell concessions during the intermission, instead of having individual workers for each of those roles. To the Right To the Left Quantity Supply Supplied

Explanation / Answer

(a) New Ski resorts will increase the supply of labor. Labor supply curve will shift right.

(b) Higher number of work visa will increase the supply of labor. Labor supply curve will shift right.

(c) Higher demand for chicken will increase the supply of labor. Labor supply curve will shift right.

(d) This will decrease the supply of labor. Labor supply curve will shift toward left.

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