In Camarillo, when the demand for electricians ___________ slower than does supply of electricians, then wages and salaries of electricians will __________. Group of answer choices increases, rise decreases; fall increases; remain constant increases; fall
In Camarillo, when the demand for electricians ___________ slower than does supply of electricians, then wages and salaries of electricians will __________. Group of answer choices increases, rise decreases; fall increases; remain constant increases; fall
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 23RQ: What is the formula for the wage elasticity of labor supply?
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In Camarillo, when the demand for electricians ___________ slower than does supply of electricians, then wages and salaries of electricians will __________.
Group of answer choices
increases, rise
decreases; fall
increases; remain constant
increases; fall
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