Econ Test Problem

Refer to the gure. Wage (Dollars per hour) Supply 15 Initial Demand New Demand Number of Workers The graph above shows the demand and supply of factory workers in the United States. The current market equilibrium wage is $15 per hour. As a result ofa recession. the demand for factory workers declines as shown in the graph. If the wage of factory workers remains 515 per hour then 0 A. there will be a shortage of factory workers. 0 B. the number ofworkers demanded at the $15 wage Wlll equal the number supplied at that wage. O C. unemployment of factory workers Wlll increase. 0 D. unemployment of factory workers Wlll decrease. Refer to the figure. Price (Dollars) 300 200 0 Cameras The graph above shows the supply and demand for digital cameras. If the price of the cameras is currently $300 per unit then Cl A. it is likely that the price at the cameras will increase. O B. there will be a shortage cif cameras on the market. 0 C. there will be a surplus of cameras on the market. 0 D. the market for the cameras is in equilibrium