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proposals have been made to increase government regulations of firms providing childcare services by for instance setting education requirements for childcare workers. suppose that these regulations increase the qualityof childcare and cayse the demand for childcare services to increase. at the sametime, assume that that complying with the new government regulations increase the costs of firnms providing childcare services. draw a demand and supply graph to illustrate the effects of these changes in the market for childcare services purchased will increase or decrease as a result of this regulation.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M963434

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