Ask Question

Why is the equilibrium wage higher for doctors than for convenience store clerks?

A. The demand for convenience store clerks is equal to the demand for doctors.

B. Supply of doctors is relatively low, and the demand is relatively high.

C. The demand for convenience store clerks is low, but supply is low, too.

D. Supply of doctors is relatively high and the demand is relatively low.

+1
Answers (1)
  1. 18 May, 15:27
    0
    HIgher wages come with being able to be "picky" about your job, which means that there are not many people applying, but there are a lot of positions which need to be filled.

    The correct answer is:

    B. Supply of doctors is relatively low, and the demand is relatively high.

    The low supply of doctors is connected to the difficult and costly education.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why is the equilibrium wage higher for doctors than for convenience store clerks? A. The demand for convenience store clerks is equal to ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers