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Suppose the Government Institutes New Regulations on Physicians Requiring Physicians

Question 4

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Suppose the government institutes new regulations on physicians requiring physicians to take additional years of training before practicing medicine.What will happen to the wages and quantity of physicians?

Suppose the government institutes new regulations on physicians requiring physicians to take additional years of training before practicing medicine.What will happen to the wages and quantity of physicians?


A) Wages decrease;number of physicians increases
B) Wages increase;number of physicians increases
C) Wages decrease;number of physicians decreases
D) Wages increase;number of physicians decreases

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