The small town of Middling experiences a sudden doubling ofthe birth rate. After three
Chapter 2, Problem 9(choose chapter or problem)
The small town of Middling experiences a sudden doubling ofthe birth rate. After three years, the birth rate returns to normal.Use a diagram to illustrate the effect of these events onthe following:a. the market for an hour of babysitting services in Middlingtodayb.the market for an hour of babysitting services 14 years intothe future, after the birth rate has returned to normal, bywhich time children born today are old enough to work asbabysittersc. the market for an hour of babysitting services 30 years intothe future, when children born today are likely to be havingchildren of their own
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