Consider the market for medical doctors. Suppose the opportunity cost of going to medical school increases for many individuals. Suppose it generally takes about ten years to become a practicing doctor. Holding all else constant, in ten years the equilibrium wage for doctors will

a. increase.
b. decrease.
c. not change.
d. It is not possible to determine what will happen to the equilibrium wage.


a

Economics

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The larger the U.S. imposed per unit import tariff on a good imported and that is also produced in the U.S

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Which of the following events would cause a movement upward and to the left along the demand curve for olives?

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The problem of political instability has been greatest in which continent?

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Economics