Imagine that the number of people who are graduating from medical school increases by 10% each year. If this is the case, which of the following statements about doctors' salaries is true?
A) Doctors' salaries will increase
B) Doctors' salaries will decrease
C) Doctors' salaries will decrease if the demand is less than the supply
D) Doctors' salaries will decrease if the demand is greater than the supply
Correct Answer:
Verified
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