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Suppose That This Graph Describes the Current Labor Market for High

Question 60

Multiple Choice

Suppose that this graph describes the current labor market for high school teachers: Suppose that this graph describes the current labor market for high school teachers: Suppose supply of labor decreases. At the new equilibrium, wages would be­­­­­­______ and ______ teachers would be hired. A) higher; more B) higher; fewer C) lower; fewer D) lower; more Suppose supply of labor decreases. At the new equilibrium, wages would be­­­­­­______ and ______ teachers would be hired.


A) higher; more
B) higher; fewer
C) lower; fewer
D) lower; more

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