When the supply of workers is plentiful, one would predict that market wages would be
A)determined outside the domain of economic theory.
B)determined solely by factors that affect demand.
C)low, other things equal.
D)high, other things equal.

Question

Quizplus · Accepted Answer

When the supply of workers is plentiful, it typically leads to lower wages, other things equal, because employers have more potential employees to choose from, reducing the need to offer higher wages to attract or retain workers.

When the Supply of Workers Is Plentiful, One Would Predict