Multiple Choice
In situations where new technologies are considered substitutes for workers, demand for these workers will ________, resulting in ________ in the equilibrium wage.
A) increase; a decrease
B) increase; an increase
C) decrease; a decrease
D) decrease; an increase
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q219: Compared to high school graduates, what is
Q220: Consider the market for blackjack dealers in
Q221: The income effect of a wage decrease
Q222: The town of Saddle Peak has a
Q223: Holding the price of a firm's output
Q225: The labor supply curve<br>A)shows the relationship between
Q226: One reason why firms would choose a
Q227: Clayton Kershaw's marginal product as a baseball
Q228: Which of the following is a reason
Q229: Most economists believe that a small amount