In 2015, the price of oil fell sharply. As a result, 65 000 jobs were lost in the North Sea oil industry. How would this be shown on a labour market diagram for oil workers?
- Aa movement down the marginal revenue product curve
- Ba shift towards the horizontal axis of the marginal cost curve
- Ca shift towards the origin of the marginal revenue product curve
- Da shift towards the vertical axis of the average cost curve