If wages rise for accountants but not for financial analysts, there will be _____ in the market for accountants and _____ in the market for financial analysts.

Question

Quizplus · Accepted Answer

Higher wages for accountants will attract more people to supply their labor, increasing the quantity supplied. For financial analysts, unchanged wages may lead to a leftward shift in labor supply as some may switch to accounting.

If Wages Rise for Accountants but Not for Financial Analysts