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According to the market theory of wage determination, under what circumstances will wages for a particular group be highest?

Options:

A.) When demand is high and supply is low


B.) When there is now demand for this type of labor


C.) When all things are equal


D.) When supply is high and demand is low

User Jason Chen
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2 Answers

3 votes

Answer:

The answer is C

Step-by-step explanation:

When all things are equal.

User Stefaan Dutry
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4 votes

Answer:

Wages for a particular group will be highest when demand is high, and supply is low

Step-by-step explanation:

The market theory of wage determination is the hypothesis that payments that are, the cost of work, are resolved like all costs by the organic market. Along these lines, when laborers sell their work, the value they can charge is mostly impacted by Supply the number of laborers accessible and demand number of laborers required.

When businesses can not discover enough specialists to address their issues, they will continue raising their pay offers until more laborers are pulled in. When laborers are in wealth, at that point, wages will fall until the surplus work chooses to go somewhere else looking for employment.

User John Miller
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