=+15. This year, the small town of Middling experiences a sudden doubling of the birth rate. After

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=+15. This year, the small town of Middling experiences a sudden doubling of the birth rate. After three years, the birth rate returns to normal. Use a diagram to illustrate the effect of these events on the following.

a. The market for an hour of babysitting services in Middling this year

b. The market for an hour of babysitting services 14 years into the future,

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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