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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 42
Suppose a boom in Internet book sales raises demand for authors of Internet books. Which of the following is most likely to be true ?
A) The demand curve for Internet authors shifts rightward.
B) The equilibrium wage paid to these authors increases.
C) In the long run, the increase in the wage rate will result in an increase in the supply curve for authors.
D) All of the answers above are correct.
A) The demand curve for Internet authors shifts rightward.
B) The equilibrium wage paid to these authors increases.
C) In the long run, the increase in the wage rate will result in an increase in the supply curve for authors.
D) All of the answers above are correct.
Explanation
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Given the supply curve of internet autho...
Economics for Today 9th Edition by Irvin Tucker
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