Suppose the Following Two Events Occur in the Domestic Market

question 133

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 enrol in this field.
What is likely to happen to the equilibrium wage and quantity of radiologists following these two events?

• A)The equilibrium wage and the equilibrium quantity of radiologists rise.
• B)The equilibrium wage and the equilibrium quantity of radiologists fall.
• C)The equilibrium quantity falls and the effect on the equilibrium wage of radiologists is indeterminate.
• D)The equilibrium wage falls and the effect on equilibrium quantity of radiologists is indeterminate.

---

Definitions:

Mobile Communication

The transmission of information over a distance without the use of wires or cables, typically through mobile devices like smartphones and tablets.

Cloud Operating Systems

A type of operating system designed to operate in cloud computing environments, enabling the delivery of computing services over the internet.

Precarious Work

Employment that is uncertain, unstable, and insecure, where the worker has little control over their working conditions.

Social Media Fatigue

Social Media Fatigue is a phenomenon where users feel overwhelmed or exhausted by excessive participation in social media activities.