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The accompanying graph represents the hypothetical market for bank tellers at Firstar Bank. Assume no bank in the industry will hire women tellers. Move the
The accompanying graph represents the hypothetical market for bank tellers at Firstar Bank. Assume no bank in the industry will hire women tellers. Move the curve(s) on the graph to illustrate what will happen if Firstar decides they will not engage in gender discrimination and will hire the best qualied people, no matter whether they are men or women. Assume Firstar begins to lose customers as a result of this practice of employing women. The president of the bank asks Pat, the lead economist at the bank, why the market isn't imposing an economic penalty on the Bank's competitors. Pat responds that 0 there is a negative feedback loop that is hindering W'a g c Quantity ot'tellers Supply Demand Pat responds that O there is a negative feedback loop that is hindering the market as a result of the bank labor union. O worker discrimination is solely responsible for preventing the market from imposing the penalty. O Firstar Bank's gender discrimination is preventing the market from imposing the penalty. O customer discrimination is preventing the market from imposing the penalty
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