Refer to Table 11.1. If exports decrease by 30, what is the new ...

[pragya sharda]

Refer to Table 11.1. If exports decrease by 30, what is the new equilibrium level of output?
 
  A) 1,700 B) 2,300 C) 6,800 D) 9,200

Question 2

The impact of a decrease in the wage rate on labor supply will be represented by ________, assuming all else equal.
 
  A) a rightward shift of the labor supply curve
  B) an upward movement along the labor supply curve
  C) a leftward shift of the labor supply curve
  D) a downward movement along the labor supply curve

[huda]

Answer to Question 1

A

Answer to Question 2

D