The covid-19 pandemic in 2020 significantly harm the retail sector as consumers reduced their shopping and spending as the economy recovers in 2021, retail workers are leaving the sector for higher paying jobs and better opportunities. sketch a graph of these changes in the labor market for the retail sector due to workers leaving for other sectors of the economy. Then describe the graph. Determine what is likely to happen to equilibrium wages and quantity of jobs in the labor market for the retail sector.

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The COVID19 era retail environment If weve learned anything from previous recessions its that they e... View the full answer