Crowding out will be more pronounced the closer to vertical is the

A change in the price of a product will change the supply of that product

Indicate whether the statement is true or false

The demand for orthodontists' services falls as the proportion of the population that obtains braces falls. It may take several years before the new long-run equilibrium for the orthodontic labor market is attained

In the meantime, the orthodontic labor market experiences a A) shortage. B) quality decrease. C) surplus. D) excess demand.