You Have Noticed That There Is a Persistent Shortage of Teachers

question 110

Multiple Choice

You have noticed that there is a persistent shortage of teachers in an inner-city school district in your state. Based on this observation, you suspect that:

• A)the wage for teachers at those schools is higher than at other schools in the state.
• B)the wage for teachers at those schools is lower than the equilibrium wage.
• C)there is an excess supply of teachers.
• D)the reservation price among teachers is lower than for other professions.

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