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3 . Interpreting the supply of labour The following graph depicts the daily labour supply curve for Nick, a worker in the construction industry in

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3 . Interpreting the supply of labour The following graph depicts the daily labour supply curve for Nick, a worker in the construction industry in Vancouver. 30 27 24 21 18 15 WAGE (Dollars per hour) 12 Labour Supply WO 2 3 4 5 6 7 8 9 10 LABOUR (Hours worked)If the wage rate is $24 per hour, Nick will supply \\:| hours of work per day. additional The wage rate must be per hour for Nick to supply 2 hours of work per day. fewer If the wage rate decreases from $24 per hour to $12 per hourr Nick will supply E 7 hours of work per day

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