a. Use the information in the table to graph the demand and supply curves for judicial law clerks.

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Chapter1: Making Economics Decisions
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a. Use the information in the table to graph the demand and supply curves for judicial law clerks.
Wage ($ per hour)
40
38
36
34
32
30
28
26
24
22
9
11
13
15
17
Quantity (thousands of workers)
19
Labor supply
Labor demand
b. The equilibrium quantity of judicial clerks is
21
23
thousand, and the equilibrium wage is
per hour.
Transcribed Image Text:a. Use the information in the table to graph the demand and supply curves for judicial law clerks. Wage ($ per hour) 40 38 36 34 32 30 28 26 24 22 9 11 13 15 17 Quantity (thousands of workers) 19 Labor supply Labor demand b. The equilibrium quantity of judicial clerks is 21 23 thousand, and the equilibrium wage is per hour.
Judicial law clerks assist judges in court, conduct research for judges, and prepare legal documents. Suppose the market for
judicial law clerks in the United States is as provided in the accompanying table.
Wage ($per hour)
$24
$26
$28
$30
$32
Quantity supplied
(thousands of workers)
11
13
15
17
19
Quantity demanded
(thousands of workers)
19
17
15
13
11
Transcribed Image Text:Judicial law clerks assist judges in court, conduct research for judges, and prepare legal documents. Suppose the market for judicial law clerks in the United States is as provided in the accompanying table. Wage ($per hour) $24 $26 $28 $30 $32 Quantity supplied (thousands of workers) 11 13 15 17 19 Quantity demanded (thousands of workers) 19 17 15 13 11
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