Write a situation that would cause a shift in labor supply, Ask an Expert

Economics

Write a situation that would cause a shift in labor supply and demand. The following areas have had high job growth values and can be used for your scenario: transportation, insurance, and real estate industries.

What is the area of employment?
Why has this shift occurred?
In what direction would the shift in labor supply and demand go?
What would be its effect on the equilibrium of the labor market?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9309764

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