Suppose that technological progress increases the productivity of teachers.Which of the following accurately describes the labor market for teachers after the technological change?
A) Wages will rise and quantity of teachers employed will fall.
B) Wages will rise and the quantity of teachers employed will rise.
C) Wages will fall and the quantity of teachers employed will fall.
D) Wages will fall and the quantity of teachers employed will rise.
Correct Answer:
Verified
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