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Social Studies, 30.07.2019 20:20 Tcmidian3644

Consider the market for university economics professors. suppose the opportunity cost of going to graduate school to get a ph. d. in economics increases for many individuals. suppose it generally takes about five years to get a ph. d. in economics. holding all else constant, in five years the equilibrium quantity of university economics professors will(a) the equilibrium quantity will increase. (b) the equilibrium quantity will decrease.(c) the equilibrium quantity will not change.(d) it is not possible to determine what will heppen to the equilibrium quantity

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