Suppose there\'s an increase in the demand for nursing services, coupled with a

Question

Suppose there's an increase in the demand for nursing services, coupled with a decrease in the supply of nurses. If there's no change in the wages paid to nurses, a. there will be a shortage of nurses. b. hospitals will have no difficulty hiring the desired number of nurses at the current wage. c. the market for the services of nurses will remain in equilibrium. d. there will be a surplus of nurses. I think the answer is A, because the demand goes up while the supply goes down. Is that right? Thanks!

Explanation / Answer

Thats right

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