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14. The small town of Middling experiences a sudden doubling

Resolved Question:

14. The small town of Middling experiences a sudden doubling of
the birth rate. After three years, the birth rate returns to normal.
Use a diagram to illustrate the effect of these events on
the following.
a. The market for an hour of babysitting services in Middling
today
b. The market for an hour of babysitting services 14 years
into the future, after the birth rate has returned to normal,
by which time children born today are old enough to
work as babysitters
c. The market for an hour of babysitting services 30 years
into the future, when children born today are likely to be
having children of their own
Submitted: 8 years ago.
Category: Homework
Expert:  Neo replied 8 years ago.
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