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.