W/P = real wage N = labor
I understand that if the Labor Force (LF) rises, it is a rightward shift of the NS curve (Labor Supply) and if the LF falls, it is a leftward shift of the NS curve. However, I'm confused about everything else that the question(s) are asking and research did not help.
Our professor asked us this question (directly):
"Using the labor market modeled in terms of W/P, explain and diagrammatically represent the changes in W/P and N as a result of the following: rise/fall in the size of the labor force and then an increase in taxes."
I'm very interested to know how this works and looks like on the graph. All help is appreciated greatly. Many Thanks.