Suppose the labor market for electricians is in equilibrium. Which event might DECREASE the wage of electricians?
A) An economic boom increases the demand for new homes.
B) The electricians union establishes a rigorous certification test that is difficult for aspiring electricians to pass.
C) Unemployed manufacturing workers attend technical schools to learn the electrician's trade.
D) A minimum wage is imposed in the market for electricians.
Correct Answer:
Verified
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A)If W < MRPL,
Q186: Which statement is FALSE?
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