Exhibit 10-A
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. 
-Refer to Exhibit 10-A.If the government was to impose a wage rate of WA on the computer software programming industry:
A) the imposed wage would have no effect on the market for computer programmers.
B) a shortage of software programmers would result.
C) a quantity of Q4 software programmers would be demanded in the marketplace.
D) there would be pressure from market forces for the wage to fall.
E) all of the above.
Correct Answer:
Verified
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