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Question 1 (6 points): Suppose that the number of births this year (2021) is temporarily high. How should this baby boom affect the equilibrium price

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Question 1 (6 points): Suppose that the number of births this year (2021) is temporarily high. How should this baby boom affect the equilibrium price of baby-sitting services in 2026 and 2036? (Note: 5- year-olds need babysitters, whereas 15-year-olds can be babysitters). Use the supply and demand model to illustrate and explain your answers

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