Which of the following
statements would most likely
be true according to the
scenario?
A. The owner has made a change in the
factors of production and it could affect the
quantity of chairs.
B. More carpenters will be employed
because of the higher wages.
C. Some carpenters will quit, so that the
others will get the the highest pay raise
possible.
D. There will be a shortage of carpenters
because their wages have increased.