Discussion on Resource Prices and Utilization
The chapter Resource Prices and Utilization in the eBook discusses what happened in the labor market for construction workers in New Orleans, Louisiana, after Hurricane Katrina (under section Competitive Labor Markets and Wages). Use DrawIo to draw a supply-demand diagram describing how a supply and demand for construction workers and the wage rate evolved after the hurricane (max 2 points). Make sure you label everything in your diagram. Explain your answer (max 2 points).
Post a reply to someone else’s post. (max 1 point)
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