The demand for orthodontists' services falls as the proportion of the population that obtains braces falls. It may take several years before the new long-run equilibrium for the orthodontic labor market is attained. In the meantime, the orthodontic labor market experiences a

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As the demand for orthodontists' services falls due to a reduction in the proportion of the population getting braces, there will be an oversupply of orthodontists in the labor market, leading to a surplus. This surplus may take several years to diminish as the number of orthodontists adjusts to the new equilibrium level.

The Demand for Orthodontists' Services Falls as the Proportion of the Population