Certain Professions Limit the Number of Students Who Are Eligible

Multiple Choice

Certain professions limit the number of students who are eligible to enroll in their programs in university - engineering,architecture,dentistry,and law,for example.What is the predicted effect of such a policy in each of these professions?

A) An increase in supply and a wage that is lower than it otherwise would be.
B) A reduction in supply and a wage that is lower than it otherwise would be.
C) An increase in supply and a wage that is higher than it otherwise would be.
D) A reduction in supply and a wage that is higher than it otherwise would be.
E) These professions are a relatively small portion of the labour market and so there will be no detectible change in wages.