Posted: March 7th, 2017

Write a scenario, real or imagined, that would cause a shift in labor supply or demand.

Write a scenario, real or imagined, that would cause a shift in labor supply or demand. The following industries have had high job growth rates and can be used for your scenario: transportation, insurance, technology, health care.

What is the area of employment?
What is your scenario?
In what direction would the shift be in labor supply and/or demand?
What would the effect of this/these shift(s) on the equilibrium (price & quantity) of the labor market?

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