3 The Suppose that a factorys supply curve is shown by the y

3: The Suppose that a factory\'s supply curve is shown by the yellow line labeled S1. The workers threaten to go on strike, and the factory owner agrees to increase their wages. Show the impact on supply by clicking on the appropriate curve. If there is no shift, select S. 60 pc Click or top the appropriate place in the image. Price Quantity MacBook Air

Solution

As the workers threaten to go on strike, and the factory owner agrees to increase their wages.Thus it will increase the wages of the workers and the labors start finding working in the factoy more attractive. Thus more number of people would work in the factory and thus there would be more number of people reporting.

As a rest, there would be an increase in the supply and the supply curve moves towards right as S_2.