Illustrate what would be effect on the equilibrium market

Reference no: EM1337949

Labor Supply and Demand Scenario

Write a scenario that would cause a shift in labor supply and demand. The following areas have had high job growth rates and can be used for your scenario: transportation, insurance, and real estate industries.

o What is the area of employment?
o Why has this shift occurred?
o In what direction would the shift in labor supply and demand go?
o What would be its effect on the equilibrium of the labor market?

Reference no: EM1337949

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