Suppose that the labor market for high school chemistry teachers
is initially in equilibrium. Chemistry teachers use laboratory
chemicals as an important part of their jobs. New environmental
regulations ban the use of many chemicals, which means that fewer
laboratory chemicals are available for high school chemistry
teachers to use in their jobs. In the market for high school
chemistry teachers, the equilibrium wage
Homework Answers
Second option is correct. ..
Because marginal productivity will decline because of less capital input available so wages will decline.
Add Answer to:
Suppose that the labor market for high school chemistry teachers
is initially in equilibrium. Chemistry teachers...
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