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  3. 6 suppose that the supply curve for school teachers is...

Question: 6 suppose that the supply curve for school teachers is...

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6. Suppose that the supply curve for school teachers is Ls 20,000+350W and the 100,000-150W, where L = the number demand curve for school teachers is Ld of teachers and W the daily wage. a. Plot the demand and supply curves. b. What are the equilibrium wage and employment level in this market? .Now suppose that at any given wage 20,000 more workers are willing to work as school teachers. Plot the new supply curve and find the new wage and employment level. Why doesnt employment grow by 20,000?
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