True or false? Assume prices and wages are sticky. When demand shifts to the left, the amount of labor supplied will be 500 units of labor. Sticky wages in the labor market Supply and demand graph for labor. The original wage is at $15 and 900 units of labor. Demand decreases and the new equilibrium wage is $10 and 500 units of labor. At the original equilibrium price of $15 the quantity demanded is 200 units of labor and the quantity supplied is 900 units of labor. Select the correct answer below: True False FEEDBACK MORE INSTRUCTION SUBMIT Content attribution- Opens a dialog