Good example of a labor market is?
1) In a rural area where there is only one healthcare facility, this facility would have the power to hire health workers at a lower level of salary. We call it the power of monopoly.
2) When there are excessive nursing students graduated, the demand curve for the labor market will shift downward (to the right).
3) The supply curve indicates that, if the products/services are sold at a certain level of price, how many labors are needed to produce the products/services.
4) The demand curve represents, at a certain level of wage, the quantity of labor demanded by employers.