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Unformatted text preview: How/why have the supply and demand curves in this market shifted? 4. Many of the skills required for life-guarding are also required for guiding whitewater rafting trips. Word gets around among students who usually do lifeguard work that whitewater guides earn $5 more per hour than lifeguards. Explain and show on the graph below what happens to the market for lifeguards given this wage differential. wage of lifeguards...
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