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3 years ago

According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?

Business

2 answers:

Marizza181 [45]3 years ago

5 0

The correct answer is D. When demand is high and supply is low

Explanation:

The market theory of wage determination proposes wages follow the same economical rules of demand and supply. This implies, that wages would increase in the case of high demand and low supply. This can be explained as employers would pay more if few individuals are able to perform a job (low supply), but these individuals are needed by a lot of employers (high demand). For example, if in a city there are a lot of hospitals and few doctors, hospitals would offer a higher wage to doctors so they can compete over other hospitals and get doctors to work for the hospital in this way.

Dmitry_Shevchenko [17]3 years ago

4 0

Answer:

When there is now demand for this type of labor

Explanation:

Hope this helps :))

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Explanation:

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Answer:

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Read 2 more answers