Figure 18-9
-Refer to Figure 18-9. If the price of apples increases, the equilibrium wage will
A)increase, and more apple pickers will be hired.
B)decrease, and more apple pickers will be hired.
C)increase, and fewer apple pickers will be hired.
D)decrease, and fewer apple pickers will be hired.

Question

Figure 18-9 
-Refer to Figure 18-9. If the price of apples increases, the equilibrium wage will
A)increase, and more apple pickers will be hired. 
B)decrease, and more apple pickers will be hired. 
C)increase, and fewer apple pickers will be hired. 
D)decrease, and fewer apple pickers will be hired.

Quizplus · Accepted Answer

When the price of apples increases, the revenue from selling apples increases, making apple picking more profitable. This increases the demand for apple pickers, leading to a higher equilibrium wage and more apple pickers being hired.

Figure 18-9 -Refer to Figure 18-9. If the Price of Apples Increases