What happen if people entering puppeteer market


Problem: John Malkovich releases a new movie in which all the characters are portrayed by puppets. As a result, puppetry becomes the cool new thing, and many people choose to become puppeteers. Which of the following happens as a result of all these people entering the puppeteer market, ceteris paribus?

Group of answer choices

  • Supply shifts to the right, driving the wage of puppeteers down
  • Supply shifts to the left, driving the wage of puppeteers up.
  • Demand shifts to the right, driving the wage of puppeteers up.
  • Demand shifts to the left, driving the wage of puppeteers down.

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Microeconomics: What happen if people entering puppeteer market
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