Suppose Mobile App Engineers Have Been Making Earning a High

question 154

Multiple Choice

Suppose mobile app engineers have been making earning a high wage rate and the number of individuals becoming mobile app engineers doubles. Then, in the market for mobile app engineers,

• A)the equilibrium wage rate for mobile app engineers fall and the number of mobile app engineers hired falls.
• B)demand increases because there are so many more mobile app engineers available.
• C)because demand is not changing, no more mobile app engineers are hired.
• D)the number of mobile app engineers employed falls as the market becomes saturated.
• E)the equilibrium wage rate for mobile app engineers falls.

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Definitions:

Novation

The substitution of a new contract in place of an old one, often involving a change in parties or the terms of the agreement, with the consent of all parties involved.

LLP Statutes

Laws that govern Limited Liability Partnerships, providing rules on formation, operation, and liabilities of partners in an LLP.

RUPA

The Revised Uniform Partnership Act, which is legislation adopted by various states in the United States to regulate the operations of partnerships.

Liability

Legal responsibility for one's actions or for a device, product, or process that can cause harm, leading to the obligation to make restitution.