Economics · Oct / Nov 2022 · Paper 12 · Question 5
2281Supply
Workers are awarded a pay rise but do not increase their productivity. Workers do not buy the product that they produce. How would this change be shown on a demand and supply diagram for the product?
- AThe demand curve will shift to the left.
- BThe demand curve will shift to the right.
- CThe supply curve will shift to the left.
- DThe supply curve will shift to the right.
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Correct answer: C. The supply curve will shift to the left.
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