an extra demand for workers
an extra demand for workers
Wage goes down.
Wage goes down.
The equilibrium wage falls and the equilibrium quantity of labor rises
In economics, the equilibrium wage is the wage rate that produces neither an access supply of workers nor an excess demand for workers and labor ...en.wikipedia.org/wiki/Equilibrium_wage
an extra demand for workers
Wage goes down.
Wage goes down.
Wage goes down.
Wage goes down.
Wage goes down.
because the supply or doctors is relatively low and the demand is relatively high
The equilibrium wage falls and the equilibrium quantity of labor rises
In economics, the equilibrium wage is the wage rate that produces neither an access supply of workers nor an excess demand for workers and labor ...en.wikipedia.org/wiki/Equilibrium_wage
When the wage rate paid to labour is below equilibrium wage, then labour is undersupplied. As firms require more labour to maximise their profit, they will slowly raise their wage rate (because revenue from labour > costs) until the equilibrium level is achieved (since no more profit is achieveable at this level).
The wage level affects the morale of the employee directly. When the wage level is acceptable the morale will be high and this will result into more production output.
The eventual result of diffusion is equilibrium. The concentrations prior to this point would be uneven. The solutes then diffuse from areas of high solute concentration to areas of low solute concentration. After diffusion, at equilibrium, the concentration will be even in different areas.