The graph below shows a labor market that is initially in equilibrium. The market then experiences a shock to labor demand. Suppose the market is initially in equilibrium at E1?, where the labor supply curve intersects the?"Old labor?demand" curve. A shock to the market causes the labor demand curve to decrease to?"New labor?demand."

14- 13- 12- 11- 10- Labor Wage supply E2 E 4- Old 3- labor demand 2- New labor demand 2 3 4 5 6 8 9 10 11 12 13 14 Quantity of labor (thousands)