Question

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers

A. There is less demand for medical care than for child care

B. There are more scholarships available for doctor training than for child-care training

C. There are fewer doctors than child-care workers

D. There is a greater regulation of doctors than child-care workers

Answer 1

The answer is C

Step-by-step explanation:

There are few doctors hence the wage will be higher, basically demand exceeds supply hence higer wages, unlike child-care workers where supply exceeds demand.