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mars be paid the same? Show the supply of and demand for assistant professors in music (left) and in biology (right) for a hypoth' yuu
mars be paid the same? Show the supply of and demand for assistant professors in music (left) and in biology (right) for a hypoth' yuu answer the. following questions. Assian Music Professors Market for Assistant Biology Professors ~ Demand N a 72' 3 6 'D a. O [B '0 E I\" {I7 3 C! J: L: *4: U) 101520253035404550 81216202428: THY (Assis13nt music professors) Magma, _ U i _ , _ t i . r. it..WWnu-,:,iw,w an assistant professor in music is 'l, and the equilibrium quantity is :Jassistant - . 'hrium wage of an assistant professor in biology is 'MW , and the equilibrium quantity ism sets the same wage for all assistant professors in each department. Fill in the following table with the quantity 1 ofassistant professor when the university sets the wage to $60,000 and $90,000, respectively. Assistant Music Professors Assistant Biology Professors Quantity Quantity Shortage or Quantity Quantity Demanded Supplied Surplus Demanded Supplied l: w: D mm: D E sets a wage of $60,000 for all assistant professors in every department, which is equivalent to a price V assistant biology professors hired by the university than there would be if the un' wage. Similariy, if the university sets a wage of $90,000 for all assistant professors in ' professors, there will be [:3 V' assistant music professors hired by ' professors their equilibrium wage
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