CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
Question

A fresh batch of accountants graduated at the end of an academic year. As a result, the wages for accountants .

A
decrease
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
increase
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
remain the same
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
increase or decrease
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A decrease
The fresh batch of accountants correspond to an increase in supply of labour. When supply increases, the equilibrium wage would decrease, whereas the quantity of accountants who are employed increases.

flag
Suggest Corrections
thumbs-up
0
BNAT
mid-banner-image
similar_icon
Similar questions
View More