In the years after World War II, the birth rate increased and the so-called baby boom generation was created. That generation is now beginning to retire. Draw a demand-supply graph to illustrate the effects of this increase in the number of seniors on the market for medical services.

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FIGURE 19.4 Chapter Checkpoint Assignable Problem 2 Wage rate (dollars per hour) 70 60 50 40 30 20 10 02 4 8 LS LDO LD₁ II 10 12 14 16 Labor (millions of workers)