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-Suppose in Canberra the Quantity of Economists Demanded Is Less

Question 65

Multiple Choice

  -Suppose in Canberra the quantity of economists demanded is less than the quantity supplied by 2,000 economists. As a result, A)  the labour supply curve for economists in Canberra is vertical. B)  there is equilibrium in this market. C)  the labour demand curve for economists in Canberra shifts rightward. D)  salaries for economists fall. E)  there is a shortage of economists in Canberra.
-Suppose in Canberra the quantity of economists demanded is less than the quantity supplied by 2,000 economists. As a result,


A) the labour supply curve for economists in Canberra is vertical.
B) there is equilibrium in this market.
C) the labour demand curve for economists in Canberra shifts rightward.
D) salaries for economists fall.
E) there is a shortage of economists in Canberra.

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