Assume that the information technology and consulting industries employ people with similar skills. Suppose a decrease in the demand for consultants leads to a fall in their wages, while the demand for computer analysts remains the same. The following graph shows the labor market for computer analysts in the United States. Show the effect of the fall in demand for consultants on the U.S. labor market for computer analysts by shifting the labor demand curve, the labor supply curve, or both. WAGE LABOR Supply Demand Demand Supply ?

Assume that the information technology and consulting industries employ people with similar skills. Suppose a decrease in the demand for consultants leads to a fall in their wages, while the demand for computer analysts remains the same. The following graph shows the labor market for computer analysts in the United States. Show the effect of the fall in demand for consultants on the U.S. labor market for computer analysts by shifting the labor demand curve, the labor supply curve, or both. WAGE LABOR Supply Demand Demand Supply ?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please also do the graph thank you
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