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Economic Equilibrium

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Since the September 11th attack, there has been an increase in the demand for security personnel-police, air marshals, airport security, etc.

How do you think the higher demand has affected the equilibrium wage? In which direction do you think the labor supply and demand shifted? Explain your reasoning.

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The solution discusses economic equilibrium. The responses are excellent and very well written. Overall, a great response.

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Please find my response below.

With the increase in demand for security personnel, the demand curve shifted right. This will increase the equilibrium wages as well as the number of people in the security ...

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