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Consider the Labor Market for Computer Programmers

Question 355

Multiple Choice

Consider the labor market for computer programmers. During the late 1990s, the value of the marginal product of all computer programmers increased dramatically. Holding all else equal, the equilibrium quantity in the labor market for computer programmers


A) increased.
B) decreased.
C) did not change.
D) It is not possible to determine the equilibrium quantity.

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