An increase in the demand for musicians ________ the number of musicians employed, and ________ the wages paid to musicians.

Question

Quizplus · Accepted Answer

An increase in demand for musicians will lead to an increase in the number of musicians employed as more musicians will be needed to meet the demand. Additionally, an increase in demand will result in higher competition among employers for musicians, which will drive up wages. Therefore, both the number of musicians employed and wages paid to them will increase.

An Increase in the Demand for Musicians ________ the Number