Question
For each of the following scenarios in the labour market for fast food (i) Does the supply or demand curve increase or decrease? (ii) State
For each of the following scenarios in the labour market for "fast food"
(i) Does the supply or demand curve increase or decrease?
(ii) State which supply/demand factor (from your notes) applies to each scenario.
(iii) What impact does each scenario have on the wage rate (increase or decrease)?
1. The federal government imposes a "fast food" tax to encourage healthier eating.
2. There are fewer teenaged workers (in Canada's population) who are available for shift work in the fast food industry.
3. The fast food chains are increasing their minimum wage.
4. The fast food chains offer discounts on fast food over the summertime period.
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