Suppose there is a great article online on a major news page about the great career path of being a community college instructor and this encourages a lot of people to seek that path.This causes the supply of community college instructors to increase,shifting the supply curve to:

Question

Quizplus · Accepted Answer

An increase in the supply of community college instructors will shift the supply curve to the right, leading to a decrease in the equilibrium wage and an increase in the equilibrium quantity. This is because there are now more instructors available, which will drive down their wages as schools are able to hire from a larger pool of candidates. The increase in quantity is due to the fact that, with more instructors available, schools will be able to offer more classes and serve more students.

Suppose There Is a Great Article Online on a Major