An unexpected increase in the demand for accountants will lead to
a. an increase in their earnings and an expansion in the future supply of accountants.
b. a decrease in the incentive of students to prepare for a career in accounting.
c. a reduction in the current earnings of accountants, followed by a reduction in the future supply of accountants.
d. a reduction in the employment of accountants but not their wage rates.
A
Economics
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Which of the following is a typical example of monopolistic competition?
a. a wheat farm b. a chain restaurant c. an apple orchard d. an herb grower
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