Solved

The Demand for Orthodontists' Services Falls as the Proportion of the Population

Question 41

Multiple Choice

The demand for orthodontists' services falls as the proportion of the population that obtains braces falls. It may take several years before the new long-run equilibrium for the orthodontic labor market is attained. In the meantime, the orthodontic labor market experiences a


A) shortage.
B) quality decrease.
C) surplus.
D) excess demand.

Correct Answer:

verifed

Verified

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

Related Questions