Which of the following statements is false?
A) The demand for school teachers is likely to fall when the government decides to cut funding to schools.
B) The quantity demanded for school teachers is equal to the quantity supplied in equilibrium.
C) The demand for school teachers is likely to rise when the government decides to cut funding to schools.
D) The demand for school teachers is downward sloping because it is profitable for schools to hire more teachers when wages fall.
E) The demand for school teachers is likely to be quite wage elastic.
Correct Answer:
Verified
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