Other things equal,when the supply of workers is scarce,what would one predict that market wages would be

Name: Other things equal,when the supply of workers is scarce,what would one predict that market wages would be
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Quizplus · Accepted Answer

When the supply of workers is scarce, employers have to compete with each other to hire workers, driving up the price (wages) of labor. This is the basic law of supply and demand, and it suggests that wages will be higher when the supply of workers is limited.

Other Things Equal,when the Supply of Workers Is Scarce,what Would