question archive Which of the following will increase wages for tuba makers? A
Which of the following will increase wages for tuba makers? A
Subject:EconomicsPrice:2.88 Bought3
Which of the following will increase wages for tuba makers?
A. An increase in the number of graduates at tuba maker training school
B. An increase in the price of tubas
C. An increase in the price of tuba lessons
D. An increase in the tax on tubas
E. An effective price ceiling for tubas
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The correct option is
B. An increase in the price of tubas
When the price of tubas increase, the supplier in order to reap more profits would try and produce more of tubas. This would lead to an increase in the demand for labor that produces tubas and this would, in turn, increase the wages for the tubas makers.
