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18) Appalachian Emerald Mining, Inc (AEM) hires unskilled workers to mine the Appalachian mountains for emeralds. Two things happen simultaneously: working conditions at AEM deteriorate,
18) Appalachian Emerald Mining, Inc (AEM) hires unskilled workers to mine the Appalachian mountains for emeralds. Two things happen simultaneously: working conditions at AEM deteriorate, making it a worse place to work, and the demand for emeralds falls. Taken together, what is likely to happen in the market for emerald miners? A) The equilibrium quantity will fall but there is not enough information to determine what will happen to the equilibrium wage B) The equilibrium quantity will rise but there is not enough information to determine what will happen to the equilibrium wage C) The equilibrium wage will fall but there is not enough information to determine what will happen to the equilibrium quantity D) The equilibrium wage will rise but there is not enough information to determine what will happen to the equilibrium quantity
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