Multiple Choice
Physicians salaries increased substantially over the decade 1995-2005 from an average of $215,000 to $315,000. What is the best explanation for this?
A) Physicians were smarter in 2005 than in 1995.
B) The supply of physicians has increased.
C) The supply of physicians has decreased.
D) The demand for physicians has increased.
E) The demand for physicians has decreased.
Correct Answer:
Verified
Correct Answer:
Verified
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