Which of the following would tend to increase the wage of coal miners?
A) new environmental laws that make it more costly for firms to use coal in their production process
B) an increase in the price of oil, a substitute for coal
C) a decrease in the demand for coal
D) an increase in the supply of coal miners

Question

Quizplus · Accepted Answer

An increase in the price of oil, a substitute for coal, would likely increase the demand for coal as consumers and firms switch to the relatively cheaper energy source, thereby increasing the demand for coal miners and potentially raising their wages.

Which of the Following Would Tend to Increase the Wage