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7. Shifts in labor supply Assume that the software and information systems industries employ people with similar skills. Suppose an increase in the demand for

7. Shifts in labor supply Assume that the software and information systems industries employ people with similar skills. Suppose an increase in the demand for web developers leads to a rise in their wages, while the demand for programmers remains the same. The following graph plots the labor market for programmers in the United States. Show the effect of the rise in demand for web developers on the U.S. labor market for programmers by shifting the labor demand curve, the labor supply curve, or both. Demand Supply WAGE LABOR Demand Supply

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