Ask Question
18 November, 13:28

Describe how each of the following events would affect (1) demand for construction workers and (2) construction wages in Portland, Oregon. Illustrate with supply and demand curves. The economy of the area booms. Office rents rise , increasing demand for new office space. 1.) Using the line drawing tool , illustrate how this affects the labor market for construction workers. Label this line.

+3
Answers (1)
  1. 18 November, 15:16
    0
    If the economy of Portland is booming, and demand for office space rises, then, the demand for construction workers will also rise, causing the demand curve to shift to the right.

    If the supply of workers does not meet demand, then, wages will rise, this will make the demand curve more steep.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Describe how each of the following events would affect (1) demand for construction workers and (2) construction wages in Portland, Oregon. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers