Multiple Choice
Suppose that computer programmers work in two industries,X and Y.Both industries are in equilibrium and have identical labor supply and demand curves.Given that other things are unchanged,if the demand for programmers in industry X increases,then:
A) wages will rise in both industries and in the long run total employment will increase.
B) wages will rise in both industries while employment increases in X and decreases in Y.
C) wages will rise in both industries while employment decreases in X and increases in Y.
D) wages will rise more in industry X than industry Y and employment will remain unchanged in both industries.
Correct Answer:
Verified
Correct Answer:
Verified
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