�šPlease explain these question in words! �š
How will demand and supply curve shift?
1. Labor market for math and science teachers
when wages available in private industries utilizing these skills rise.
2. Labor market for university professors
when college enrollment expand
3. Labor market for low-skilled markets
when welfare legislation requires that a much larger fraction of welfare recipients work than in the past
4. Labor market for workers who completed high school only
when the work place becomes more computalized and technically sophisticated
2. Labor market for university professors
when college enrollment expand
1. In the labor market for math and science teachers, the demand and supply curves would shift when the wages available in private industries that require these skills increase. This means that if the wages in private industries rise, it would make the teaching profession less attractive compared to the higher-paying private industry jobs. As a result, the supply of math and science teachers would decrease, shifting the supply curve to the left. At the same time, the demand for math and science teachers would increase as private industries utilizing these skills would have more job openings. This would shift the demand curve to the right.
2. In the labor market for university professors, the demand and supply curves would shift when college enrollment expands. When more students enroll in colleges and universities, there is a higher demand for professors to teach them. This would shift the demand curve for university professors to the right. At the same time, the supply of university professors might not increase proportionally. This could be due to a limited number of people with the necessary qualifications or the fact that becoming a professor requires a significant amount of education and experience. As a result, the supply curve might not shift as much or may even shift to the left, resulting in a shortage of university professors in the market.
3. In the labor market for low-skilled workers, the demand and supply curves would shift when welfare legislation requires a larger fraction of welfare recipients to work. If welfare legislation mandates that more welfare recipients must work, it would increase the supply of low-skilled workers in the market. This is because those who were previously not actively seeking employment would now join the labor force. This increase in supply would shift the supply curve to the right. However, the impact on the demand curve might vary depending on the specific circumstances. If businesses are willing to hire these additional low-skilled workers, the demand curve may shift to the right as well. However, if businesses are not able or willing to absorb the increased supply of workers, the demand curve might not shift or even shift to the left.
4. In the labor market for workers who have completed high school but have no additional education or skills, the demand and supply curves would shift when the workplace becomes more computerized and technically sophisticated. As technology advances and automation becomes more prevalent, the demand for low-skilled workers might decline. This would shift the demand curve for high school graduates to the left because fewer jobs would be available. On the other hand, the supply of high school graduates might not be affected significantly unless there are changes in the education system or labor force participation patterns. Therefore, the supply curve might not shift as much or may even shift to the right. This would result in a surplus of high school graduates in the labor market.