Ceteris paribus, an increase in worker opportunities in other industries will cause the equilibrium wage in a competitive market to a. increase b. decrease C. remain the same d. change, but we cannot tell the effect on the equilibrium wage without more information

Ceteris paribus, an increase in worker opportunities in other industries will cause the equilibrium wage in a competitive market to a. increase b. decrease C. remain the same d. change, but we cannot tell the effect on the equilibrium wage without more information

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 10SQ

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Question

Ceteris paribus, an increase in worker opportunities in other industries will cause the
equilibrium wage in a competitive market to
a, increase
b. decrease
C. remain the same
d. change, but we cannot tell the effect on the equilibrium wage without more
information

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