7. Shifts in labor supply Suppose that a large number of U.S. market research analysts decide to take employment in Canada due to better benefits and work environments at Canadian companies. The following graph plots the labor market for market research analysts in the United States. Show the effect of the emigration on the U.S. labor market for market research analysts by shifting the labor demand curve, the labor supply curve, or both. WAGE LABOR $₂ S₁ D₂ D₁ Demand Supply ?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter14: Labor Markets And Income
Section: Chapter Questions
Problem 1SCQ: Table 14.10 shows levels of employment (Labor), the marginal product at each of those levels, and...
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7. Shifts in labor supply
Suppose that a large number of U.S. market research analysts decide to take employment in Canada due to better benefits and work environments at
Canadian companies.
The following graph plots the labor market for market research analysts in the United States.
Show the effect of the emigration on the U.S. labor market for market research analysts by shifting the labor demand curve, the labor supply curve,
both.
WAGE
LABOR
$₂
S₁
D₂
D₁
Demand
Supply
?
Transcribed Image Text:7. Shifts in labor supply Suppose that a large number of U.S. market research analysts decide to take employment in Canada due to better benefits and work environments at Canadian companies. The following graph plots the labor market for market research analysts in the United States. Show the effect of the emigration on the U.S. labor market for market research analysts by shifting the labor demand curve, the labor supply curve, both. WAGE LABOR $₂ S₁ D₂ D₁ Demand Supply ?
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