Answer to Question #223019 in Microeconomics for Raksha

Question #223019
Country A recently loosened their immigration policies, which has greatly increased the number of mechanics in the workforce. Which of the following pairs represents the new wage and the new quantity of mechanics?


Wage increase, quantity increase
Wage increase, quantity decrease
Wage decrease, quantity decrease
Wage decrease, quantity increase
Indeterminate wage change, quantity decrease
1
Expert's answer
2021-08-04T09:37:41-0400

Wage decrease, quantity increase


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