Question
John Malkovich releases a new movie in which all the characters are portrayed by puppets. As a result, puppetry becomes the cool new thing, and
John Malkovich releases a new movie in which all the characters are portrayed by puppets. As a result, puppetry becomes the cool new thing, and many people choose to become puppeteers. Which of the following happens as a result of all these people entering the puppeteer market, ceteris paribus?
Group of answer choices
Supply shifts to the right, driving the wage of puppeteers down
. Supply shifts to the left, driving the wage of puppeteers up.
Demand shifts to the right, driving the wage of puppeteers up.
Demand shifts to the left, driving the wage of puppeteers down.
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