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Author Question: If the supply of skilled workers is increased such that it is equal to the supply of unskilled ... (Read 49 times)

jayhills49

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on: Jun 30, 2018
If the supply of skilled workers is increased such that it is equal to the supply of unskilled workers, we can expect:
 a. wages of skilled workers to be equal to wages of unskilled workers.
  b. wages of skilled workers to be lower than wages of unskilled workers.
  c. wages of skilled workers to be higher than wages of unskilled workers.
  d. wages of unskilled workers to fall from its current level.
  e. wages of both skilled and unskilled workers to remain unaffected.

Question 2

As the price of movie tickets increases, which of the following is most likely to happen?
 a. The demand for DVDs will increase.
  b. The quantity of books demanded will decrease.
  c. The number of Broadway tickets purchased will decrease.
  d. The prices of popcorn and soda will increase.
  e. The number of movies being produced will decrease.


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prumorgan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


jayhills49

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Reply #2 on: Jun 30, 2018
Thank you


prumorgan

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Reply #3 on: Jun 30, 2018
No problemo


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