Suppose the Competitive Labor Market for Plumbers Is in Equilibrium

question 68

Multiple Choice

Suppose the competitive labor market for plumbers is in equilibrium.Which of the following might decrease the wage for plumbers?

• A)An economic boom increases the demand for new homes.
• B)The plumbers union creates a rigorous certification test that is difficult for aspiring plumbers to pass.
• C)Unemployed manufacturing workers attend technical schools to learn the plumbing trade.
• D)A minimum wage is imposed in the market for plumbers.