The diagram illustrates the starting position of a labour market. The government raises the number of statutory paid holidays that workers are entitled to, from 10 days a year to 15 days a year. How will this change the supply and demand curves shown in the diagram?
- Aemployers’ demand curve: shifts to left; workers’ supply curve: shifts to right
- Bemployers’ demand curve: shifts to left; workers’ supply curve: shifts to left
- Cemployers’ demand curve: shifts to right; workers’ supply curve: shifts to right
- Demployers’ demand curve: shifts to right; workers’ supply curve: shifts to left