Due to a recession demand for housing market decreases., Ask an Expert

Economics

Q. Submit a 250- to 300-word response addressing two of following labour scenarios in new housing market:

A new law requires that all construction workers in your area belong to a labour union. Will this shift labour supply curve, demand curve or both in home construction? How will this affect wages and number of workers in home construction? How will this affect cost of building a home (and price of a new home)?

A wave of undocumented workers moves into area. Will this shift labour supply curve, demand curve or both in home construction? How will this affect wages and number of workers in home construction? How will this affect cost of building a home (and price of a new home)?

Due to a recession, demand for housing market decreases. Will this shift labour supply curve, demand curve or both? How will this affect wages and number of workers in home construction?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294336

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