Multiple Choice
You have noticed that there is a persistent shortage of teachers in an inner-city school district in your state. Based on this observation, you suspect that:
A) the wage for teachers in that district is higher than the wage in other districts.
B) the wage for teachers in that district is lower than the equilibrium wage.
C) there is an excess supply of teachers in other districts.
D) the demand for teachers in the inner-city school district is too low.
Correct Answer:
Verified
Correct Answer:
Verified
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