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I have attached the question for MicroEcon. See attached or below. Thank you! In recent years, the gap between the wages of workers with college

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I have attached the question for MicroEcon. See attached or below. Thank you!

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In recent years, the gap between the wages of workers with college degrees and the wages of workers without college degrees has been increasing. a. What does this fact tell us about how much in recent years the demand for workers with college degrees has shifted relative to how much the supply of workers 51 with college degrees has shifted? Draw a graph to illustrate your answer. Assume that wages of workers with college degrees are increasing and that both the demand for and supply of workers with college degrees are increasing. 1.) Using the line drawing tool, draw and label a new demand and new supply curve to illustrate the scenario above. Properly label your lines. 2.) Using the point drawing tool, plot and label the new equilibrium point. Wage ($/hour) E1 Carefully follow the instructions above, and only draw the required objects. b. Would we expect the size of the gap in wages to increase or decrease over time? What information would help to increase your confidence in your answer? The existence of the wage gap provides an incentive for |people to get college degrees. We might expect that over time the resulting increase in the workers with college degrees might reduce the wage gap. D1 Quantity of workers with college degrees

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