Refer to Scenario 19-7. Suppose that consumers prefer to have men work on their auto repairs and are willing to pay higher prices to accommodate these preferences. What will happen to the wage differential between men and women?

Wage Differential

The difference in wages earned by workers in different jobs, sectors, or locations, often influenced by factors like skill levels, demand, and living costs.

Auto Repairs

Services aimed at maintaining or fixing vehicles to ensure they are safe and operational.

Consumer Preferences

The subjective tastes and desires that dictate the choices a consumer makes among different products and services.