ow does it tend to affect prices when licensing is required for entry into a particular field of work? It tends to lower prices. It tends to raise prices. There is no consistent effect on prices caused by licensing. It stays the same.

ow does it tend to affect prices when licensing is required for entry into a particular field of work? It tends to lower prices. It tends to raise prices. There is no consistent effect on prices caused by licensing. It stays the same.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section3.7: A Market Supply And Demand Analysis

Problem 1GE

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Question

ow does it tend to affect prices when licensing is required for entry into a particular field of work?

		It tends to lower prices.
		It tends to raise prices.
		There is no consistent effect on prices caused by licensing.
		It stays the same.

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