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2 In class we discussed deterimants of supply and demand. Using the following examples, show the effects they have on equilibrium market wage and employment.
2 In class we discussed deterimants of supply and demand. Using the following examples, show the effects they have on equilibrium market wage and employment. Explain in a few words why you showed the effect. 1. The effect of the government rolling out a large welfare program. 2. The effect of a drop in the price of computer technology and related office equiment in the labor market for office secretaries. 3. The effect of a rise in the wage rates for mechanical engineers on the market wage and em- ployment level for electrical engineers (assume they are somewhat related jobs)
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