nursing functions by investing in physical equipment, like computer monitoring and diagnostic systems to

monitor patients, or by using lower-paid health care aides to reduce the number of nurses they need.
90 4 • Labor and Financial Markets

As the salary for nurses rises, the quantity supplied will rise. If nurses’ salaries in Minneapolis-St. Paul-

Bloomington are higher than in other cities, more nurses will move to Minneapolis-St. Paul-Bloomington to

find jobs, more people will be willing to train as nurses, and those currently trained as nurses will be more

likely to pursue nursing as a full-time job. In other words, there will be more nurses looking for jobs in the

area.

At equilibrium, the quantity supplied and the quantity demanded are equal. Thus, every employer who wants

to hire a nurse at this equilibrium wage can find a willing worker, and every nurse who wants to work at this
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