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Graphing labor market events

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Show the effect of each of the following events on the market for labor in the computer manufacturing
industry. Use graphs.

a. Congress buys personal computers for all American college students.
Wouldn't the demand curve shift to the right while the supply curve stays the same.

b. More college students major in engineering and computer science.
Wouldn't the demand shift to the right while the supply stays the same.

c. Computer firms build new manufacturing plants.

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Solution Preview

a. Yes, the demand curve would shift outward as the need for more computers increases the need for ...

Solution Summary

This solution provides a detailed, step-by-step explanation of the given economics problem.

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