It often appears as if there are "too few" workers at the Department of Motor Vehicles (DMV)to service all of its customers at a given point in time. Based on one of theories discussed in the textbook, this is probably because
A)the equilibrium "price" to be served by the DMV is lower than the "price" charged customers.
B)the equilibrium "price" to be served by the DMV is higher than the "price" charged customers.
C)the equilibrium "price" to be served by the DMV minus the "price" charged to customers is zero.
D)There is not enough information provided to answer this question.

Question

It often appears as if there are "too few" workers at the Department of Motor Vehicles (DMV)to service all of its customers at a given point in time.  Based on one of theories discussed in the textbook, this is probably because
A)the equilibrium "price" to be served by the DMV is lower than the "price" charged customers.
B)the equilibrium "price" to be served by the DMV is higher than the "price" charged customers.
C)the equilibrium "price" to be served by the DMV minus the "price" charged to customers is zero.
D)There is not enough information provided to answer this question.

Quizplus · Accepted Answer

The equilibrium "price" being higher than the "price" charged suggests that demand exceeds supply, leading to a shortage of workers.

It Often Appears as If There Are "Too Few" Workers