ow does it tend to affect prices when licensing is required for entry into a particular field of work? It tends to lower prices. It tends to raise prices. There is no consistent effect on prices caused by licensing. It stays the same.

ow does it tend to affect prices when licensing is required for entry into a particular field of work? It tends to lower prices. It tends to raise prices. There is no consistent effect on prices caused by licensing. It stays the same.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 4E

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Question

ow does it tend to affect prices when licensing is required for entry into a particular field of work?

		It tends to lower prices.
		It tends to raise prices.
		There is no consistent effect on prices caused by licensing.
		It stays the same.

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