Essay
Consider the labor market for artisanal bakers in the United States.What would happen to labor demand or labor supply if the following situations occurred?
a.Fast-food restaurants and restaurant chains start promoting artisanal foods in order to draw a more sophisticated clientele,and the ad campaign works.
b.Happy that their talents are being recognized,artisanal bakers increase their rate of production.
c.Social norms used to make it difficult for women to be artisanal bakers,but these norms have decreased over time.
d.Tighter immigration laws prevent European bakers from entering the United States to take advantage of higher wages and benefits.
e.Droughts have reduced the supply of wheat,which lowers the available amount of flour.
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a.Consumer demand for artisanal goods wo...View Answer
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