Consider the Labor Market for Nurses, Which Initially Is in Equilibrium

question 150

Multiple Choice

Consider the labor market for nurses, which initially is in equilibrium. Suppose the output price for nursing services increases. Holding all else equal, what effect will this have on the labor market for nurses?

• A) The equilibrium wage will increase, and the equilibrium quantity of nurses will increase.
• B) The equilibrium wage will increase, and the equilibrium quantity of nurses will decrease.
• C) The equilibrium wage will decrease, and the equilibrium quantity of nurses will increase.
• D) The equilibrium wage will decrease, and the equilibrium quantity of nurses will decrease.

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Definitions:

Vibration Mode

Specific patterns of movements of atoms within a molecule that occur during vibration, each with a characteristic frequency.

Observable

In physical and analytical sciences, a measurable property or phenomenon that can be detected and quantified through experiments.

IR

Infrared (IR) spectroscopy is a technique used for identifying and studying chemicals through the absorption of infrared light, which causes molecular vibrations.

IR Absorption

The process by which molecules absorb infrared radiation, used in spectroscopy to identify chemical compounds.