You Have Noticed That There Is a Persistent Shortage of Teachers

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 at those schools is higher than at other schools in the state.
B) the wage for teachers at those schools is lower than the equilibrium wage.
C) there is an excess supply of teachers.
D) the reservation price among teachers is lower than for other professions.