16. The expansion of career options in business for women 18-24, along with a decline in their number, has led to a decline in the supply of nurses. At the same time, the demand for nurses has increased as rising incomes lead to more demand for health care. From these facts, the supply and demand model allows us to clearly predict that in the new market equilibrium: Which of these predictions below is correct?:

(i) the quantity of nurses employed will fall; (ii) the price (wages) of nurses will rise.

a. i and ii b. i not ii c. ii not i d. neither i nor ii

18. The price of fresh fish rose and the quantity sold also fell. Everything else being equal, it is consistent that

a. consumers developed a taste for fish. b. the price of meat rose. c. the cost of gasoline fell. d. the price of frozen fish for export increased. e. the supply of fresh fish increased.