Suppose the Wage Earned by Pear Pickers Suddenly Rises

question 31

Multiple Choice

Suppose the wage earned by pear pickers suddenly rises. Which of the following effects would we most likely observe as a result?

• A)The supply of apple pickers would decrease and the equilibrium wage of apple pickers would decrease.
• B)The supply of apple pickers would decrease and the equilibrium wage of apple pickers would increase.
• C)The demand for apple pickers would increase and the equilibrium wage of apple pickers would decrease.
• D)The demand for apple pickers would decrease and the equilibrium wage of apple pickers would decrease.

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Definitions:

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals.

Equally Likely

A term used in probability to describe events that have the same chance of occurring.

Probability

A numerical value representing the chance of an event's occurrence, between 0 and 1, where 0 stands for impossible and 1 for certain.

Ace of Spades

A specific playing card in a deck, often considered the highest card in the suit of spades and sometimes associated with special significance.