An Unanticipated Decline in the Demand for Legal Services Will

question 27

Multiple Choice

An unanticipated decline in the demand for legal services will

• A) increase both the wages of lawyers and the rate of return they can expect to derive from their legal education.
• B) lead to a shortage in the market for legal services.
• C) reduce the wages of lawyers but not the quantity of legal services supplied.
• D) reduce the wages of lawyers and the rate of return on a legal education..

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