Consider the market for medical doctors. suppose the opportunity cost of going to medical school decreases for many individuals. suppose it generally takes about ten years to become a practicing doctor. holding all else constant, in ten years the equilibrium wage for doctors will
a. increase.
b. decrease.
c. not change.
d. it is not possible to determine what will happen to the equilibrium wage.
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Consider the market for medical doctors. suppose the opportunity cost of going to medical school dec...
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