9:28 20. Why is the hourly wage for the median radio or television announcer only $14.88 per hour, lower than almost any other job in the entertainment or broadcasting industry? The demand for radio/television announcers is high. . The demand for radio/television announcers is low. The supply of radio/television announcers is high. The supply of radio/television announcers is low. 19. Let's take the idea from the previous question and use it to explain why businesses sometimes try to make their employees happy. If a business can make the job seem fun (by offering inexpensive pizza lunches) or at least safe (by nagging the city government to put police patrols around the factory), the supply of labor will . The equilibrium wage will if a factory or office or laboratory becomes a great place where people "really want to work? increase; rise increase; fall decrease; rise . decrease; fall 17. Many clothing stores often have clearance sales at the end of each season. That is because: the demand for clothing is higher at the end of each season. . the demand for clothing is lower at the end of each season. the supply of clothing is higher at the end of each season. the supply of clothing is lower at the end of each season. 16. "In a free market, as engineers and scientists discover new ways to makes cars safer, the number of dangerous cars sold will tend to increase decrease stay the same 12. For many years it was illegal to color margarine yellow (margarine is naturally white). In some states, margarine manufacturers were even required to color margarine pink! Who do you think supported these laws? margarine manufacturers food color manufacturers . . the dairy industry consumers 7. What would happen to the equilibrium quantity and price of sugar if strict immigration laws made many sugar cane harvesters leave the country? Both would rise. Both would fall. The price would rise while the quantity would fall. The price would fall while the quantity would rise. 8. What would happen to the equilibrium quantity and price of sugar if a new study was published that emphasized negative health effects of consuming sugar? Both would rise. . Both would fall. The price would rise while the quantity would fall. The price would fall while the quantity would rise. 9. If a snowstorm was forecast for the next day, the demand for snow shovels would increase. This is a change in . This shift in the demand curve would affect the price; this would cause a change in demand; supply demand; quantity supplied quantity demanded; supply quantity demanded; quantity supplied 10. In 2002, the Atkins diet, which emphasized eating more meat and fewer grains, became very popular. What do you suppose that did to the price and quantity of bread? Both increased. Both decreased. The price rose while the quantity decreased. The price fell while th