Refer to the scenario above.Lydia contends that the increase in female labor force participation was caused by a change in tastes for working among women in the United States after World War II.According to Lydia,________.Explain your answer.

Question

Quizplus · Accepted Answer

Trevor is arguing that the demand for all labor went up in the growing post-war economy, and women's labor is a substitute for men's labor in the economy. If the demand for women's labor increased, the number of women employed (more correctly, the proportion of adult women employed) should increase, which will cause an increase in the equilibrium quantity of women employed and an increase in women's hourly wages. Trevor's argument is illustrated in the following figure.
 11ea4371_c1f5_d421_8ca6_cf421959d98f_TB1360_00

Refer to the Scenario Above