The presence of a distorting tax on wage income can result in

How does the law of demand reflect the law of diminishing marginal utility?

Which of the following statements is true?

a. Income earned by a worker with a college degree grows more rapidly than a worker without a college degree during their early working years. b. A worker with a college degree always earns less than a worker without a college degree. c. A worker with a college degree always earns more than a worker without a college degree. d. A worker without a college degree initially earns more than a worker with a college degree but the latter surpasses the former in due course of time. e. Both the workers earn equal incomes after a certain period of time.