Apparently, the increasing popularity of scooters is also leading to an increase in scooter-related injuries. Draw how the market for scooters/scooter rentals would be affected if this story about injuries became very widely publicized. What should happen to the equilibrium price and quantity of scooters or scooter rentals as a result of this event? Consider the labor market for people who work making or renting scooters. Draw how this labor market will change as a result of the change in the scooter/scooter rental market you described above. What should happen to the equilibrium wage and quantity of workers hired?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Apparently, the increasing popularity of scooters is also leading to an increase in scooter-related injuries. Draw how the market for scooters/scooter rentals would be affected if this story about injuries became very widely publicized. What should happen to the equilibrium price and quantity of scooters or scooter rentals as a result of this event? Consider the labor market for people who work making or renting scooters. Draw how this labor market will change as a result of the change in the scooter/scooter rental market you described above. What should happen to the equilibrium wage and quantity of workers hired?

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