Figure 18-9
-Refer to Figure 18-9. If the price of apples decreases, the equilibrium wage will
A)increase, and more apple pickers will be hired.
B)decrease, and more apple pickers will be hired.
C)increase, and fewer apple pickers will be hired.
D)decrease, and fewer apple pickers will be hired.

Question

Figure 18-9 
-Refer to Figure 18-9. If the price of apples decreases, the equilibrium wage will
A)increase, and more apple pickers will be hired. 
B)decrease, and more apple pickers will be hired. 
C)increase, and fewer apple pickers will be hired. 
D)decrease, and fewer apple pickers will be hired.

Quizplus · Accepted Answer

According to the graph, a decrease in the price of apples shifts the demand curve for apple pickers to the left. This results in a decrease in the equilibrium wage and the quantity of apple pickers hired. Therefore, D is the correct choice.

Figure 18-9 -Refer to Figure 18-9. If the Price of Apples Decreases