Multiple Choice
What is likely to happen to the labor market equilibrium for firemen as building codes change to require firewalls and sprinklers to be included in all new construction?
A) The number of firemen employed will increase while firemen wages will decrease.
B) The number of firemen employed will decrease while firemen wages will decrease.
C) The number of firemen employed will increase while firemen wages will increase.
D) The number of firemen employed will decrease while firemen wages will increase.
E) The number of firemen employed will remain the same while firemen wages will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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