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Suppose the Following Two Events Occur in the Domestic Market

question 166

Multiple Choice

Suppose the following two events occur in the domestic market for radiologists:
A.Some hospitals are outsourcing some radiology services such as reading x-rays.
B.Some medical schools have closed down their radiology departments as fewer students enroll in this field.
What is likely to happen to the equilibrium wage and quantity of radiologists following these two events?

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Definitions:

Alcohol Use

The consumption of beverages containing ethyl alcohol, which can have both social and health impacts.

Anodyspareunia

Pain occurring during anal intercourse.

Sexual Dysfunction

A disorder characterized by a difficulty experienced during any phase of the sexual response cycle, preventing an individual from experiencing satisfaction from sexual activity.

Peyronie's Disease

A health condition characterized by the development of fibrous scar tissue inside the penis, causing curved, painful erections.

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