jerome is working as an it consultant. his individual labor supply curve is given in the accompanying graph. jerome decides to enroll in college and will begin taking classes next semester. make the appropriate change to the graph to show the most likely effect on jerome’s labor supply curve of his decision to attend college. if jerome’s decision to attend college results in a change in supply, shift the supply curve appropriately, but leave the wage line unchanged. if jerome’s decision to attend college results in a change in quantity supplied, adjust the wage line appropriately, but leave the supply curve unchanged.

Jerome's decision to enroll in college and begin taking classes next semester is most likely to reduce his current labor supply because attending college requires time commitment that reduces hours available for work. This change represents a shift in his labor supply curve rather than just a movement along the curve. Effect on Jerome’s Labor Supply Curve:

• Jerome’s labor supply curve will shift to the left (a decrease in labor supply) because he will supply fewer hours of labor at each wage rate while attending college.
• The wage line should remain unchanged because the market wage rate for IT consultants is not directly affected by Jerome’s individual decision to attend college.
• This leftward shift reflects a decrease in the quantity of labor Jerome is willing and able to supply at every wage due to his time spent in college classes.

This interpretation aligns with economic principles where education enrollment reduces immediate labor supply, shifting the supply curve inward, rather than changing the wage rate or just the quantity supplied at a given wage

. In summary, the graph should show Jerome’s labor supply curve shifting leftward, indicating a decrease in labor supply, while the wage line stays the same.