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In: Economics

9. Use the supply and demand model to analyze the effect of each of the following...

9. Use the supply and demand model to analyze the effect of each of the following events on nominal wages and employment in the relevant labor market.

a) a decrease in the demand for salmon and the market for fishermen.

b) an increase in the price of consumer products and the market for construction workers.

c) an increase in crime and the market for police officers.

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Expert Solution

Rahul Sunny answered 2 years ago
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