Suppose that the wage for musicians decreases relative to other occupations. We know that ________ people will work in music, and the total number of hours worked will ________.

Question

Quizplus · Accepted Answer

When the wage for musicians decreases relative to other occupations, it is likely that fewer people will choose to work in music as it becomes less attractive compared to other occupations. As a result, the total number of hours worked in the music industry will decrease. Therefore, the correct answer is D: fewer people will work in music, and the total number of hours worked will decrease.

Suppose That the Wage for Musicians Decreases Relative to Other