The Application Occupational Licensing analyzed the effect of exams in licensed occupations given that their only purpose
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The Application “Occupational Licensing” analyzed the effect of exams in licensed occupations given that their only purpose was to shift the supply curve to the left. How would the analysis change if the exam also raised the average ability of people in that occupation, which affects the demand curve?
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An increase in demand due to higher quality professionals will shift the ...View the full answer
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