In the early 1990s, the 14- to 17-year-old population fell because of low birthrates in the mid-1970s.

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In the early 1990s, the 14- to 17-year-old population fell because of low birthrates in the mid-1970s. Simultaneously the combined decisions of aging baby boomers to have kids resulted in an increase in the number of babies and hence in an increase in the number of parents needing babysitters. What effect will these two events likely have on:

a. The number of times parents go out without their children?

b. The price of babysitters?

c. The average age of babysitters?

d. Should government require a minimum wage and age of babysitters?

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Related Book For  answer-question

Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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