Asked by
Amayah Jackson
on Dec 11, 2024Verified
Which of the following would tend to increase the wage of coal miners?
A) new environmental laws that make it more costly for firms to use coal in their production process
B) an increase in the price of oil, a substitute for coal
C) a decrease in the demand for coal
D) an increase in the supply of coal miners
Coal Miners
Individuals and companies engaged in the extraction of coal from the earth.
Environmental Laws
Regulations and standards aimed at preserving and protecting the environment from harmful practices or pollutants, promoting sustainability.
Oil
A natural fossil fuel that is used primarily for energy production and as a raw material in manufacturing.
- Determine the impact of market dynamics (supply and demand) on the pricing and accessibility of products and services.
- Comprehend how alterations in product demand influence the need for production resources.
Verified Answer
OW
Learning Objectives
- Determine the impact of market dynamics (supply and demand) on the pricing and accessibility of products and services.
- Comprehend how alterations in product demand influence the need for production resources.