What is likely to happen to the demand for firemen as building codes change to require firewalls and sprinklers to be included in all new construction?
A. The demand for firemen will increase as the supply of firemen falls when old buildings are replaced with newer buildings.
B. The demand for firemen will remain unchanged as firemen do not build new construction.
C. The demand for firemen will remain unchanged as long as the property tax-base increases when the new construction projects are completed.
D. The demand for firemen will increase as long as wages paid to workers on new construction projects exceed the minimum wage.
E. The demand for firemen will fall as the demand for fire protection services falls.
Answer: E
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