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​Exhibit Several Congressmen and Senators Have Been Greatly Concerned About the the Fairness

Question 4

Multiple Choice

​Exhibit
Several congressmen and senators have been greatly concerned about the fairness of salaries in the marketplace. They are contemplating enacting a law that would fix the wage rate at WA. Their aides, who were all excellent economics students, have returned with the results of an investigation into the matter, as portrayed below.
​Exhibit Several congressmen and senators have been greatly concerned about the fairness of salaries in the marketplace. They are contemplating enacting a law that would fix the wage rate at W<sub>A</sub>. Their aides, who were all excellent economics students, have returned with the results of an investigation into the matter, as portrayed below.    -Refer to Exhibit. If a wage rate of W<sub>A</sub> for teachers were imposed by the government on schools, the expected result would be: A) a teacher shortage of Q<sub>3</sub> - Q<sub>1</sub>. B) a teacher shortage of Q<sub>3</sub> - Q<sub>2</sub>. C) a teacher surplus of Q<sub>2</sub> - Q<sub>1</sub>. D) a teacher surplus of Q<sub>3</sub> - Q<sub>1</sub>.
-Refer to Exhibit. If a wage rate of WA for teachers were imposed by the government on schools, the expected result would be:


A) a teacher shortage of Q3 - Q1.
B) a teacher shortage of Q3 - Q2.
C) a teacher surplus of Q2 - Q1.
D) a teacher surplus of Q3 - Q1.

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