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
Chapter11: Labor Markets
Section: Chapter Questions
Problem 10SQ
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8160816b-7297-43ae-8509-da7d6d4d54fc%2F59cd6183-4c69-4971-abdc-c19098a5db46%2Fop09yjn_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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