Assume that the finance and marketing industries employ people with similar skills. Suppose an increase in the demand for market research analysts leads to a rise in their wages, while the demand for financial analysts remains the same. The following graph plots the labor market for financial analysts in the United States. Show the effect of the rise in demand for market research analysts on the U.S. labor market for financial analysts by shifting the labor demand curve, the labor supply curve, or both. ? 2 @ LABOR F2 80 F3 F4 Supply Demand Demand % 25 $ 4 #3 W E S F5 9 > 6 Supply MacBook Air বর DII DD F6 F7 F8 F9 & 87 R T Y U F10 9) F11 8 * 0 ) ) 9 0 0 P { D F G H J K L < X C V B N M V
Assume that the finance and marketing industries employ people with similar skills. Suppose an increase in the demand for market research analysts leads to a rise in their wages, while the demand for financial analysts remains the same. The following graph plots the labor market for financial analysts in the United States. Show the effect of the rise in demand for market research analysts on the U.S. labor market for financial analysts by shifting the labor demand curve, the labor supply curve, or both. ? 2 @ LABOR F2 80 F3 F4 Supply Demand Demand % 25 $ 4 #3 W E S F5 9 > 6 Supply MacBook Air বর DII DD F6 F7 F8 F9 & 87 R T Y U F10 9) F11 8 * 0 ) ) 9 0 0 P { D F G H J K L < X C V B N M V
Chapter10: Labor Markets And Income Distribution
Section: Chapter Questions
Problem 6SQP
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Question
Transcribed Image Text:Assume that the finance and marketing industries employ people with similar skills. Suppose an increase in the demand for market research analysts
leads to a rise in their wages, while the demand for financial analysts remains the same.
The following graph plots the labor market for financial analysts in the United States.
Show the effect of the rise in demand for market research analysts on the U.S. labor market for financial analysts by shifting the labor demand curve,
the labor supply curve, or both.
?
2
@
LABOR
F2
80
F3
F4
Supply
Demand
Demand
%
25
$ 4
#3
W
E
S
F5
9 >
6
Supply
MacBook Air
বর
DII
DD
F6
F7
F8
F9
&
87
R
T
Y
U
F10
9)
F11
8
* 0
)
)
9
0
0
P
{
D
F
G
H
J
K
L
<
X
C
V
B
N
M
V
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