Multiple Choice
Suppose in Philadelphia the quantity of economists demanded is less than the quantity supplied by 2,000 economists.As a result,
A) there is a shortage of economists in Philadelphia.
B) salaries for economists fall.
C) there is equilibrium in this market.
D) the labor supply curve for economists in Philadelphia is vertical.
E) the labor demand curve for economists in Philadelphia shifts rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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