It takes many years to train to become an orthopedic surgeon. This suggests that, in the short run, a sudden increase in the demand for orthopedic surgeons will:
A)not affect the salaries of orthopedic surgeons.
B)have no impact on the number of people who decide to become orthopedic surgeons.
C)lead to a large increase in the number of orthopedic surgeons.
D)have little effect on the number of trained orthopedic surgeons.

Question

Quizplus · Accepted Answer

Given that it takes many years to train to become an orthopedic surgeon, the supply of orthopedic surgeons will be relatively inelastic in the short run. Thus, in the short run, an increase in the demand for orthopedic surgeons will have only a small impact on the number of trained orthopedic surgeons.

It Takes Many Years to Train to Become an Orthopedic