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Outbreak of bubonic plague hit the byzantine empire

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In 541 AD an outbreak of bubonic plague hit the Byzantine Empire. Because the plague was spread by flea-invested rats the often lived on ships, ports were hit particularly hard. In some ports more than 40% of the population died. The emperor Justinian was concerned that the wages of sailors were rising very rapidly as a result of the plague. In 544 AD he placed a ceiling on the wages of sailors. Use a demand and supply graph of the market for sailors to show the effect of the plague on the wages of sailors. Use this same graph to show the effect of Justinian's wage ceiling. Briefly explain what is happening in your graph

Reference no: EM132456839

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