If wages fall for surgeons but not for family practice doctors, there will be _____ in the market for surgeons and _____ in the market for family practice doctors.

Question

Quizplus · Accepted Answer

A decrease in wages for surgeons would likely lead to a decrease in the quantity supplied of surgeons as fewer individuals may choose to enter or remain in the field due to lower compensation. Conversely, if wages for family practice doctors remain unchanged (and are relatively more attractive compared to the now lower wages for surgeons), this could lead to a rightward shift in the labor supply for family practice doctors as more individuals may choose this field over surgery.

If Wages Fall for Surgeons but Not for Family Practice