Question

9. Why is the equilibrium wage for doctors high?

Obecause the supply of doctors is relatively low and the demand is relatively high
because the demand for doctors equals the supply
because the demand for doctors tends to be lower relative to supply
because the supply of doctors is relatively high and the demand is relatively low

Answer 1

The adoption of a factual approach also implies that clear criteria are available to guide discussions on the level of the minimum wage, as well as reliable statistical indicators that adequately support the arguments of governments and social partners in the framework of their deliberations.