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adell [148]
2 years ago
9

In the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economist

s. In the long run, if you observed that the wage rate for economists rose while the wage rate for accountants fell, which of the following would best explain your observation?
(A) The supply of economists must have increased, and the supply of accountants must have decreased.
(B) The supply of economists must have decreased, and the supply of accountants must have increased.
(C) The demand for economists must have increased, and the supply of accountants must have decreased.
(D) The demand for economists must have decreased, and the supply of accountants must have increased.
Business
1 answer:
Citrus2011 [14]2 years ago
4 0

The best explanation for the rise in economist salaries and the fall in accounting salaries would be (B) The supply of economists must have decreased, and the supply of accountants must have increased.

<h3>Why is this the best explanation?</h3>

When there is a decrease in the supply of a commodity, its prices will go up. The salaries of economists went up because the number of economists available, decreased.

When there is an increase in the supply of something, the price will decrease. This is why the accountants saw their salaries decrease - the number of accountants available increased.

In conclusion, option B is correct.

Find out more on demand and supply at brainly.com/question/4804206.

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The option c would represent the same and considered to be best suited in China with respect to the top-down hierarchical culture so that the message could be spreaded

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true

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What do inflation rates measure?
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C. The speed with which general prices are rising

Explanation:

Inflation measures the rate at which the general prices of goods and services are increasing in an economy. During inflation, the purchasing power of a country's currency is eroded.  Inflation means a selected basket of goods will cost more this period than it did in the previous season.

The consumer price index or CPI is the most acceptable index used in determining the rate of inflation. Inflation may result from high economic growth where firms and individuals have increased incomes resulting in too much money in circulation.  A moderate level of inflation is required to promote spending and sustain favorable economic growth.

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3 years ago
An agent receives an offer of $350,000 on a property that she has listed for $355,000. When she is about to present the offer to
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b. present both offers at the same time

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3 years ago
Read 2 more answers
Warnes Motors' stock is trading at $20 a share. Three-month call options with an exercise price of $20 have a price of $1.50. Wh
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B. The price of the call option will increase by less than $2, but the percentage increase in price will be more than 10%.

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Having highlighted that, it's also to be noted that the increment in expected payoff will be by an amount less than $2 and same with present value because the possibility is less than 1. So, the price of the option will increase by less than $2.

Moving to the percentage increase;

This will be larger than 10%.

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