Question

Suppose that new type of mining equipment replaces low-income miners, but require highly skilled technicians to operate and maintain. The new equipment will shift the demand curve for low-income workers to the ______ while shifting the demand curve for high-income workers to the _____. Group of answer choices

Answer 1

Suppose that new type of mining equipment replaces low-income miners, but require highly skilled technicians to operate and maintain. The new equipment will shift the demand curve for low-income workers to the left while shifting the demand curve for high-income workers to the right.

What is Shift in Demand Curve ?

A shift in the demand curve occurs when a determinant of demand other than price changes. It occurs when demand for goods and services changes even though the price didn't.

What is Demand Curve Shifts Left?

The demand curve shifts to the left if the determinant causes demand to drop. That means less of the good or service is demanded. That happens during a recession when buyers' incomes drop. They will buy less of everything, even though the price is the same.

What is Demand Curve Shifts Right?

The curve shifts to the right if the determinant causes demand to increase. This means more of the good or service are demanded even though there's no change in price. When the economy is booming, buyers' incomes will rise. They'll buy more of everything, even though the price hasn't changed.

Therefore, we can conclude that the correct option is B.

Your question is incomplete, but most probably your full question was:

Suppose that new type of mining equipment replaces low-income miners, but require highly skilled technicians to operate and maintain. The new equipment will shift the demand curve for low-income workers to the ______ while shifting the demand curve for high-income workers to the _____.

Group of answer choices:

A. left, left

B. left, right

C. right, left

D. right, right

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