Question

In the legal sector, some practice areas have declined in recent years. For example, personal-injury and medical-malpractice cases have been undercut by state laws limiting class-action suits, out-of-state plaintiffs, and payouts on damages, and securities class-action litigation has declined in part because of a buoyant stock market. How does this affect the market for lawyers

Answer 1

The whole demand curve for lawyers will shift to the left.

Step-by-step explanation:

A demand curve shifts to the left because some factor or factor caused the demand as a whole to fall. This means that the demand for that specific product or service will reduce at very price level.

Since certain state laws and the economy have caused the reduction of some legal practices, the demand curve for all lawyer services has shifted to the left.