Through the 1990s, the percentage of high school students who decided to go to college increased. Draw
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Through the 1990s, the percentage of high school students who decided to go to college increased. Draw a demand-supply graph to illustrate the effect of this increase on the market for college graduates. Explain its effect on the market for college professors.
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FIGURE 19.1 Chapter Checkpoint Study Plan Problem 2 Wage rate (dollars per hour) 35 30 25 20 15 10 5 LSQ X 01 2 3 4 LD LS₁ 5 6 7 8 Labor (millions of workers)
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