Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.
Sagot :
Answer:
The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
Explanation:
Here are the options to this question :
What is likely to happen to the equilibrium wage and quantity of radiologists following these twoevents?
A) The equilibrium wage and the equilibrium quantity of radiologists fall.
B) The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
C) The equilibrium wage falls and the effect on equilibrium quantity of radiologists isindeterminate.D
) The equilibrium wage and the equilibrium quantity of radiologists rise
As a result of event A, there would be a decrease in the demand for radiologists. As a result, there would be a leftward shift of the demand curve for radiologist. This would lead to a reduction in equilibrium price and quantity
As a result of event B, there would be a decrease in the supply radiologists. As a result, there would be a leftward shift of the supply curve of radiologist. This would lead to a reduction in equilibrium quantity and a rise in equilibrium price.
Taking these two effects together, the equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.
