As the number of people holding college degrees increases, assuming the demand for college educated labor stays constant, the wages of college educated people would

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02-07-2021
Business

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As the number of people holding college degrees increases, assuming the demand for college educated labor stays constant, the wages of college educated people would

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Ewomazinoadeidn Ewomazinoadeidn · Answer 1 · 2021-07-06T20:34:09-04:00

Ewomazinoadeidn Ewomazinoadeidn

06-07-2021

Answer:

decrease

Explanation:

An increase in the supply of people with college degrees would lead to a rightward shift of the supply curve. This leads to a decrease in equilibrium wages and an increase in labour

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