3 ms·
This would only be true if the demand were capped. Other scenarios are also conceivable: For example, if the same workers in this sector can produce for a third
by Archelaos 4y ago
This would only be true if the demand were capped. Other scenarios are also conceivable: For example, if the same workers in this sector can produce for a third of the price, demand may perhaps increase by more than three times and the number of workers would have to increase accordingly, not decrease.