Suppose That Being an Accountant and a Musician Require Similar

question 148

Multiple Choice

Suppose that being an accountant and a musician require similar amounts of skills, education, training, and so forth. If accountants are paid higher wages than musicians:

• A) the supply of musicians would increase and the supply of accountants would decrease.
• B) the supply of musicians would decrease and the supply of accountants would increase.
• C) the supply of both musicians and accountants would increase.
• D) the supply of both musicians and accountants would decrease.