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In the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economists. In the long run,
In the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economists. In the long run, if you observed that the wage rate for economists rose while the wage rate for accountants fell, which of the following would best explain your observation? Question 54 options: The supply of economists must have increases, and the supply of accountants must have decreased. The supply of economists must have decreases, and the supply of accountants must have increased. The demand for economists must have increased, and the supply of accountants must have decreased. The demand for economists must have decreased, and the supply of accountants must have increased. The demand for both economists and accountants must have decreased. Question 55 (2 points)
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