Suppose that technological progress increases the productivity of teachers. Which of the following accurately describes the labor market for teachers after the technological change? Equilibrium wages will
A)rise, and the equilibrium quantity of teachers employed will fall.
B)rise, and the equilibrium quantity of teachers employed will rise.
C)fall, and the equilibrium quantity of teachers employed will fall.
D)fall, and the equilibrium quantity of teachers employed will rise.

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The Answer of Suppose that technological progress increases the productivity of teachers. Which of the following accurately describes the labor market for teachers after the technological change? Equilibrium wages will
A)rise, and the equilibrium quantity of teachers employed will fall.
B)rise, and the equilibrium quantity of teachers employed will rise.
C)fall, and the equilibrium quantity of teachers employed will fall.
D)fall, and the equilibrium quantity of teachers employed will rise.

Suppose That Technological Progress Increases the Productivity of Teachers