The government recently imposed a number of regulations on companies that will make it more expensive for companies to hire workers. What consequence will this have on market?
These regulations raise the cost of labor and cause a upward movement along the
supply curve for labor.
These regulations will not affect the supply curve for labor.
These regulations raise the cost of labor and shift the supply curve
for labor to the right.
These regulations raise the cost of labor and shift the supply curve for labor to the left.
These regulations raise the cost of labor and cause a downward movement along the
supply curve for labor.