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A major technical change in the TV industry has been the introduction of free High Definition...

A major technical change in the TV industry has been the introduction of free High Definition broadcasting. Using what you know about supply and demand shifters, explain why the wages of make-up artists for television studios has increased.

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Answer #1

As the demand for high definition broadcasting has increased the picture quality has thus increased making the appearance of TV stars crucial and so the demand for makeup artists also rise. The demand curve for high definition broadcasting will thus shift to the right and the demand curve for make up artists will also shift rightwards causing a rise in the wages that make-up artists receive. This is thus a case of derived demand as the rise in high definition TV has caused a rise in the demand for make up artists. The demand curve for make up artists shifts rightwards causing a rise in the price and quantity of make up artists.

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