Question

Many more people become high school economics teachers, what will happen to the labor market for high school economics teachers?
A) The market equilibrium wage will increase, and the equilibrium quantity of labor will increase.
B) The market equilibrium wage will decrease, and the equilibrium quantity of labor will decrease.
C) The market equilibrium wage will increase, and the equilibrium quantity of labor will decrease.
D) The market equilibrium wage will decrease, and the equilibrium quantity of labor will increase.

Answer 1

D) The market equilibrium wage will decrease, and the equilibrium quantity of labor will increase.