Suppose the Following Two Events Occur in the Market for Elementary

question 234

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 10 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:

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of deoxyribonucleic acid (DNA).

Homozygote Advantage

A situation where individuals with two identical alleles for a certain gene have a selective advantage over heterozygotes.

Polyploidy

The condition in which a cell or organism has more than two complete sets of chromosomes, often found in plants.

Aneuploidy

Any chromosomal aberration in which there are either extra or missing copies of certain chromosomes.