Use the following to answer question:
Figure: The Demand for Bricklayers
-(Figure: The Demand for Bricklayers)Use Figure: The Demand for Bricklayers.If the equilibrium market wage rate for bricklayers rises from $80 to $100,the _____ bricklayers will _____.
A)demand for;rise
B)quantity demanded of;rise
C)demand for;fall
D)quantity demanded of;fall

Question

Use the following to answer question:
Figure: The Demand for Bricklayers 
-(Figure: The Demand for Bricklayers)Use Figure: The Demand for Bricklayers.If the equilibrium market wage rate for bricklayers rises from $80 to $100,the _____ bricklayers will _____.
A)demand for;rise 
B)quantity demanded of;rise 
C)demand for;fall 
D)quantity demanded of;fall

Quizplus · Accepted Answer

A rise in the equilibrium wage rate would lead to an increase in the cost of hiring bricklayers which would cause firms to reduce the quantity of bricklayers demanded, leading to a fall in the quantity demanded of bricklayers. The demand for bricklayers would not change in this scenario.

Use the Following to Answer Question