Which of the following scenarios would most likely result in a decline in
wages?
A. A small town once had five factories employing thousands of
workers, but then four closed in one year.
B. A small town has two restaurants and a handful of cooks and
waiters.
C. A small town has an oil boom, and overnight thousands of new
positions emerge.
D. A small town has many engineering firms and several colleges
with graduating engineers.