Suppose the following two labour market sectors employ workers with the exact same skill sets: SECTOR A SECTOR B SA Se x X DA What does the neoclassical model predict will happen to the supply curve and demand curve in each of these sectors? Answer: Submit Answer Under what circumstances might it be possible for the situation to persist as depicted? Answer: Submit Answer

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Suppose the following two labour market sectors employ workers with the exact same skill sets:
SECTOR A
SECTOR B
SB
X X
10
Submit Answer
DA
SA
Submit Answer
10
10
0
3
7
DB
9
What does the neoclassical model predict will happen to the supply curve and demand curve in each of these sectors?
Answer:
10
Under what circumstances might it be possible for the situation to persist as depicted?
Answer:
Transcribed Image Text:Suppose the following two labour market sectors employ workers with the exact same skill sets: SECTOR A SECTOR B SB X X 10 Submit Answer DA SA Submit Answer 10 10 0 3 7 DB 9 What does the neoclassical model predict will happen to the supply curve and demand curve in each of these sectors? Answer: 10 Under what circumstances might it be possible for the situation to persist as depicted? Answer:
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