Suppose the Following Two Events Occur in the Market for Elementary

question 232

Multiple Choice

Suppose the following two events occur in the market for elementary school teachers: a.Overcrowded schools and education budget cuts have discouraged young university students from pursuing careers in teaching.
b.With an increasing birth rate, the number of children entering the elementary school system is expected to increase significantly over the next ten years.
What is likely to happen to the equilibrium wage and quantity of teachers as a result of these two events?

• A)The equilibrium quantity and the equilibrium wage of elementary school teachers fall.
• B)The equilibrium wage rises and the effect on the equilibrium quantity of elementary school teachers is indeterminate.
• C)The equilibrium quantity falls and the effect on the equilibrium wage of elementary school teachers is indeterminate.
• D)The equilibrium quantity falls and the equilibrium wage of elementary school teachers rises.

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Definitions:

Hung Jury

A judicial situation in which a trial jury is unable to reach a unanimous or requisite majority verdict, leading to a mistrial.

Verdict

The decision made by a jury or judge resolving the issues in a court case, including determinations of guilt or liability.

Chambers

A term referring to the private office or courtroom of a judge, often where private matters are discussed or decisions are made.

Exclusionary Rule

A legal principle that prohibits evidence obtained in violation of a defendant's constitutional rights from being used in court.