Suppose the Market for Pizza Makers Is Initially in Equilibrium

question 254

Multiple Choice

Suppose the market for pizza makers is initially in equilibrium, but then the equilibrium wage rate increased and the equilibrium quantity of labor will decreased. What happened in the market for pizza makers?

• A) The demand for pizza makers increased.
• B) The demand for pizza makers decreased.
• C) The supply for pizza makers decreased.
• D) The supply for pizza makers increased.

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Definitions:

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer known for his strong advocacy for the immediate emancipation of all slaves.

Lewis Tappan

A prominent 19th-century abolitionist and a founder of the American Anti-Slavery Society who also played a key role in the Amistad case.

Colonization Society

A group or organization established in the early 19th century advocating for the migration of free African Americans to Africa; the American Colonization Society is a prime example.

William Lloyd Garrison

An American abolitionist who was prominent in the anti-slavery movement and is well known for founding and editing the abolitionist newspaper "The Liberator."