g Suppose economists are trained in theory, methods and practice equally useful in public policy analysis (labor market A) and business administration (labor market B). According to what we learned in labor economics, if there is an increase in the demand for labor in market B, what would we expect to happen to the supply of labor and the equilibrium wage in market A? Use graphs to help you explain what happens in both markets.

In this situation, more economists will aply to labor market B, because demand for them is higher there. This will in turn cause the equilibrium wage in this market to fall, because the higher demadn will be met by higher supply.

In market A, less labor supply will be available, which will in turn raise the equilibrium wage in this market, so that firms in this market can attract the talent that is left.

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.