When the supply of workers is plentiful, one would predict that market wages would be
A) determined solely by factors that affect supply.
B) determined solely by factors that affect demand.
C) low, other things equal.
D) high, other things equal.

Question

Quizplus · Accepted Answer

When the supply of workers is plentiful, it typically leads to lower wages, assuming other factors remain constant, due to the increased availability of labor relative to demand.

When the Supply of Workers Is Plentiful, One Would Predict