Author Question: Refer to Scenario 17-1. Following the passage of comparable worth legislation, Unity College ... (Read 33 times)

arivle123 · **on:** Jun 29, 2018

Refer to Scenario 17-1. Following the passage of comparable worth legislation, Unity College responds by placing salaries at 65,000. Which of the following is the result of the legislation?

A) The supply of English professors increases and the supply of business professors decreases.
B) There will be a surplus in the market for English professors and the market for business professors will not be affected.
C) There will be a surplus in the market for English professors and a shortage in the market for business professors.
D) The demand for English professors decreases and the demand for business professors increases.

Question 2

Refer to Figure 24-2. Ceteris paribus, an increase in productivity would be represented by a movement from

A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.