Analyze the following headlines with the help of Supply and Demand:
1.
" Retail Chain Stores Increase Sales of Tennis Balls"
2.
"Lobsters Found to Contain Harmful Levels of Mercury."
3.
"Record Number of Hockey Fans Paid Higher Prices."
4.
"Pollution Curbs on Steel Mills Urged."
5.
"New Auto Sales Off by 25%."
1.
The number of people pursuing MBA degrees over the last few years has increased dramatically.
a.
Use supply and demand analysis to predict the affect of this on salaries of MBAs.
b.
2.
Use another graph to demonstrate the affect of this on the salaries of business school
professors.
Can you think of a reason that finance professors in business schools earn higher salaries than
art history professors in universities?