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Then the industry demand curve for labour is: A. Steeper than the horizontal sum of individual MRPL B. Flatter than the horizontal sum of individual Section 2. Free response questions. You will have a total of 60 minutes for this section of the exam. It is strongly recommended that you spend the first...The result, as shown in the figure, is a shift to the left in the demand curve. Thus, the equilibrium price of Caribbean hotel rooms is lower in the summer than in the winter, as the figure shows. Figure 2. From the above diagram, the demand curve shifts left to . The supply curve SS is constant. Ch. 4 - What are the demand schedule and the demand curve,... Ch. 4 - Does a change in consumers tastes lead to a... Ch. 4 - Harrys income declines, and as a result, he buys... Ch. 4 - What are the supply schedule and the supply curve,... Ch. 4 - Does a change in producer technology lead to a... Ch. 4 - Define the equilibrium of a market ...