What happens in the labor market for public school teachers when a state government raises the minimum educational standards for certification as a public school teacher?
A)The demand for teachers decreases, resulting in a lower wage and lower quantity of labor.
B)The supply of teachers decreases, resulting in a higher wage and lower quantity of labor.
C)The demand for teachers increases, resulting in a higher wage and higher quantity of labor.
D)The supply of teachers increases, resulting in a lower wage and higher quantity of labor.

Question

Quizplus · Accepted Answer

Raising the minimum educational standards for certification means that fewer people will be qualified to become public school teachers. This will decrease the supply of teachers in the labor market, resulting in a higher wage (since the demand for teachers will remain relatively constant) but a lower quantity of labor (i.e. fewer teachers available to work).

What Happens in the Labor Market for Public School Teachers