Consider the Market for Opticians

question 240

Multiple Choice

Consider the market for opticians. What is likely to happen to the equilibrium wage and quantity of opticians if more and more people turn to laser eye surgery instead of wearing glasses or contact lens?

• A) The equilibrium wage and the equilibrium quantity of opticians rise.
• B) The equilibrium wage and the equilibrium quantity of opticians fall.
• C) The equilibrium wage rises and the equilibrium quantity of opticians falls.
• D) The equilibrium quantity falls and the equilibrium wage of opticians rises.

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