Refer to the figure below. Assume that a Cobb-Douglas production function is a good representation of the economy and that the economy was initially at equilibrium. Please note in the that W/P presents the real wage and that the quantity of labor (N) is equal to the amount of labor N'1: New Labor Supply Curve N'o: Original Labor Supply Curve pg an No: Original Labor Demand Curve N2 NI No N3 Labor, N 9. Refer to the figure above. If prices were flexible, what would happen to the marginal productivity of workers after the labor supply shock? The marginal productivity of workers would fall The marginal productivity of workers would rise Not enough information to determine the answer The marginal productivity of workers would stay the same Question 9 options: NS, NO WPO , N2 WPI , N3