Solved

Use the Figure to Answer the Following Question(s)

Question 86

Multiple Choice

Use the figure to answer the following question(s) .
Figure 12-2 Use the figure to answer the following question(s) . Figure 12-2 -The demand D<sub>1</sub> and short-run supply S<sub>SR</sub> of accountants is indicated in Figure 12-2. Which of the following would most likely shift the demand for accountants from D<sub>1</sub> to D<sub>2</sub>? A) an increase in the number of accounting majors in college B) enacting legislation that increases the complexity of personal and business tax returns C) high wages for accountants D) a reduction in the wages of bookkeepers, a substitute resource for accountants
-The demand D1 and short-run supply SSR of accountants is indicated in Figure 12-2. Which of the following would most likely shift the demand for accountants from D1 to D2?


A) an increase in the number of accounting majors in college
B) enacting legislation that increases the complexity of personal and business tax returns
C) high wages for accountants
D) a reduction in the wages of bookkeepers, a substitute resource for accountants

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q81: According to the principle of marginal productivity,

Q82: Physical and human capital investments are<br>A) different

Q83: If the marginal revenue product of the

Q84: The figure below depicts a production function

Q85: As the price of a resource decreases,<br>A)

Q87: The supply of human capital to a

Q88: If coal and oil are substitute inputs

Q89: Use the information in the table below

Q90: Generally, the supply of a resource in

Q91: An increase in the demand for automobiles