People working as economists and accountants both need to be good with numbers and computations. Therefore,...

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People working as economists and accountants both need to be good with numbers and computations. Therefore, people who are good with numbers and computations can get trained equally easily in either market (although it takes time to get trained). Suppose the markets start out each in initial equilibrium, with the wage rates equal. Then a new show on Netflix makes the life of an economist look very glamourous (go figure). As a result, the people in the accountants market will and the wage rate of accountants will On the other hand, the people in the economists market will and the wage rate of economists will supply of demand for decrease increase People working as economists and accountants both need to be good with numbers and computations. Therefore, people who are good with numbers and computations can get trained equally easily in either market (although it takes time to get trained). Suppose the markets start out each in initial equilibrium, with the wage rates equal. Then a new show on Netflix makes the life of an economist look very glamourous (go figure). As a result, the people in the accountants market will and the wage rate of accountants will On the other hand, the people in the economists market will and the wage rate of economists will supply of demand for decrease increase

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Solution After watching the show more people will shift to the economic ... View the full answer