佢話 :
population of hong kong increases (姐係 demand ↑啦)
and the wage rate of local construction workers rises (咁supply of resdential property會點 ??)
會係因為成本↑.. 所以要 produce 多d.. → supply ↑
定係因為成本↑.. 所以請少d人.. → supply↓
＊完整題目 (唔知有冇解錯題...)
the diagram below shows the supply and demand curves of residential property in hong kong. the original equibrium point is E..
(跟住有個有十萬條 curves 既 graph )
If the population of HK increases and the wage rate of local construction workers rises, the new equilibrium point will be at
A. E1 (demand↑ ; Supply ↓)
B. E2 (demand↓ ; Supply↓)
C. E3 (demand↓ ; Supply↑ )
D. E4 (demand↑ ; Supply ↑)
更新1:
但係我本書寫左d野... when the prices of factors such as labour are increased, producers' cost of production will be increased. As producers can earn less, they will reduce their supply. The supply curve will shift to the left.
更新2:
quote, "in order to increase the wage rate, the supply must be increased. " 但係 question 唔係話.. 如果the wage rate of local construction workers rises,, consequently 個 eq pt 會點咩 ? 都唔係 IN ORDER TO ↑wage rate,,., ?? 唔明 ~
