An increase in the number of students attending college would tend to
a. reduce the demand for college professors.
b. decrease the number of college professors employed.
c. increase the demand for college professors.
d. reduce the wage for college professors.
C
Economics
You might also like to view...
If demand for Rolls Royce automobiles rises in an area where incomes have increased, this tells us that a Rolls Royce is
A) a normal good. B) an inferior good. C) a complementary good. D) a substitute good.
Economics
Consider the following:
(i) When does the potential Pareto criterion reject a policy option? (ii) Explain why any policy that creates a deadweight loss will be rejected by the potential Pareto criterion. (iii) Would the competitive market outcome be rejected by the potential Pareto criterion? Why or why not?
Economics