1. The demand for a factor of production depends largely on the
supply of the factor.
supply of other factors of production.
demand for other factors of production.
demand for the products that it helps to produce.
2. An unanticipated decline in the demand for legal services will
increase both the wages of lawyers and the rate of return they can expect to derive from their legal education.
lead to a shortage in the market for legal services.
reduce the wages of lawyers but not the quantity of legal services supplied.
reduce the wages of lawyers and the rate of return on a legal education..