s. Consider the labor market for artisanal bakers in the United States. What wou

Question

s. Consider the labor market for artisanal bakers in the United States. What would happen to labor demand or labor supply if the following situations occurred? a. Fast-food restaurants and restaurant chains start promoting artisanal foods in order to draw a more sophisticated clientele, and the ad campaign works. b. Happy that their talents are being recognized, artisanal bakers increase their rate of productiorn c. Social norms used to make it difficult for women to be artisanal bakers, but these have decreased over time. d., Tighter inmigration laws prevent European bakers from entering the Uinited Stutesto take advantage of higher wages and benefits. e. Droughts have reduced the supply of wheat, which lowers the available amount of flour. 6 Use the following table, which shows the supply and demand schedules for workers in the country of

Explanation / Answer

a) Labor Demand would increase due to increased demand for Artisanal food by fast food chains.

b) Labor Demand would decrease because now each artisanal baker is capable of producing more units, and now a lesser number of Artisanal bakers is required to produce the same units.

c) Labor supply would increase now since more women artisanal bakers would enter the labor market.

d) Labor Supply would decrease due to restrictions on European bakers to enter the US labor markets.

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