ECON15269G-CO4 Lecture Notes - Lecture 11: Workforce, Demand Curve, Economic Equilibrium
2 Dec 2017
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Okay today we will review chapter ten and do chapter eleven. Handing back the qui they were very well done. Next week chapter 12 and then there is a quiz. Two weeks today you can come in and ask questions and review. S: both because the demand for increase of wages would be greater than the supply. wages 5$ an hour more people would want to work there. Usually they would reduce the number of employees if the minimum wage rises. T: the supply would be greater, not the demand. T: on the final there are a number of questions about minimum wage. )t(cid:495)s so important to understand it: c, e) c and d, b) good baseball players are more scarce, e) b, c, and d are all correct. T: there are only x number of spaces available. One can i afford it, two can i access education, three there are only so many spots.
