Question

After a tsunami washed over Hilo, Hawaii and surrounding towns it damaged thousands of boats, there was a growing demand for boat repair, glass replacement, dent repair and repainting. In the labor market for boat repair, the demand would be represented by ________, while supply is represented by ________.

Answer 1

Answer:

Letter A

the demand would be represented by boat owners wanting boat repairs, while supply is represented by boat body shops and glass repair and replacement companies.

Explanation:

A "supply" refers to providing goods to people. Most of the time, these goods are what people want. A "demand" refers to the desire of a consumer to purchase a good or a service.

In the situation above, the tsunami damaged thousands of boats. So, this means that the demand for "boat repairs" will increase. Such repairs will be accommodated by a supply of goods and services offered by boat body shops, glass repairs and replacement companies.

So, this explains the answer.