
Suppose the following two events occur in the domestic market for radiologists:
A.Some hospitals are outsourcing some radiology services such as reading x-rays.
B.Some medical schools have closed down their radiology departments as fewer students enroll in this field.
What is likely to happen to the equilibrium wage and quantity of radiologists following these two events?
A) The equilibrium wage and the equilibrium quantity of radiologists rise.
B) The equilibrium wage and the equilibrium quantity of radiologists fall.
C) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
D) The equilibrium wage falls and the effect on equilibrium quantity of radiologists is indeterminate.
Correct Answer:
Verified
Q148: All else equal, if job turnover has
Q149: The most direct effect of immigration is
A)an
Q150: If the labor supply is unchanged, an
Q151: Consider the market for opticians.What is likely
Q152: The economists at the New York Fed
Q154: Suppose the following two events occur in
Q155: How will an increase in labor productivity
Q156: In 2017, full-time workers aged 25 and
Q157: In situations where new technologies are considered
Q158: What happens to the equilibrium wage and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents