a Elastic; many Elastic; few inelastic, few d. inelastic; many C Figure 4 Equilibrium in Markets for Low- and High-Skill Labor [b Low Skill Wage High-Skil Waage SH Days of Low-Skill Labor Employed Days of High-Skill Labor Employed 18. See Figure 4 When workers acquire skills, they transform themselves from low skill to high-skill workers. This shifts the supply schedule for low-skill workers to the and shifts the supply schedule for high-skill workers to the tending to wages for low-skill workers and wages for high-skill workers. a Left: right; raise; reduce b. Right: right; reduce; raise left: left; raise; reduce d. Right; left; reduce; raise C

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