Asked by Will
Since the September 11th attack there has been an increase in the demand for security personnel—police, air marshals, airport security, etc. How do you think the higher demand has affected the equilibrium wage? In which direction do you think the labor supply and demand shifted? Explain your reasoning.
Answers
Answered by
economyst
Take a shot, what do you think?
Hint. Draw initial supply and demand curves for labor. Now then, the increase in demand for security personnel should shift which curve? (hint 2: only one curve should shift)
Hint. Draw initial supply and demand curves for labor. Now then, the increase in demand for security personnel should shift which curve? (hint 2: only one curve should shift)
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