Exhibit 10-A
Several congressmen and senators have been greatly concerned about the fairness of salaries in the marketplace. They are contemplating enacting a law that would fix the wage rate at WA. Their aides, who were all excellent economics students, have returned with the results of an investigation into the matter, as portrayed below. 
-Refer to Exhibit 10-A.If a wage rate of WA for teachers were imposed by the government on schools, the expected result would be:
A) a teacher shortage of Q3 - Q1.
B) a teacher shortage of Q3 - Q2.
C) a teacher surplus of Q2 - Q1.
D) a teacher surplus of Q3 - Q1.
E) a teacher shortage of Q2 - Q1.
Correct Answer:
Verified
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