Consider the market for pilots. What is likely to happen to the equilibrium wage and quantity of pilots if the government enforces a lower mandatory retirement age, say from age 65 to age 62?
A) The equilibrium wage rises and the equilibrium quantity of pilots falls.
B) The equilibrium wage and the equilibrium quantity of pilots fall.
C) The equilibrium wage and the equilibrium quantity of pilots rise.
D) The equilibrium wage falls and the equilibrium quantity of pilots rises.
Question 2
In the United States, government policies with respect to monopolies and collusion are embodied in
A) common law, which the United States adopted from English law.
B) the Supreme Court.
C) antitrust laws.
D) the U.S. Constitution.
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Reconstruction Drawing of Trajan's Market
Kinesthesis and Equilibrium
Write equilibrium constant expressions for the following reactions in terms of concentration:
Write the acidic equilibrium equation for HC₆H₅O.
One generation of random mating produces Hardy–Weinberg equilibrium