Question: Some trades and occupations require a certificate to practise that trade or profession. For example, a professional accountant may be required to have a CGA,

Some trades and occupations require a certificate to practise that trade or profession. For example, a professional accountant may be required to have a CGA, a CMA, or a CA. Professionals such as lawyers and physicians must be licensed to practise. Draw a graph showing the impact that occupational licensing has on the supply of labour to a trade or occupation that requires occupational licensing.

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