Consider the labor market for heath care workers. Because of the aging population in the United States, the output price for health care services has increased. Holding all else equal, the equilibrium quantity of health care employees would

Question

Quizplus · Accepted Answer

The increase in output price for health care services indicates an increase in demand for health care services, which leads to an increase in the quantity of health care employees in the labor market to meet the increased demand. Therefore, the equilibrium quantity of health care employees would increase.

Consider the Labor Market for Heath Care Workers