Social Studies, 05.08.2019 19:10 spycn7717
Consider the market for university economics professors. suppose the opportunity cost of going to graduate school to get a ph. d. in economics increases for many individuals. suppose it generally takes about five years to get a ph. d. in economics. holding all else constant, in five years the equilibrium quantity of university economics professors will ) the equilibrium quantity will increase.(b) the equilibrium quantity will decrease.(c) the equilibrium quantity will not change.(d) it is not possible to determine what will happen to the equilibrium quantity.
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Consider the market for university economics professors. suppose the opportunity cost of going to gr...
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