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Suppose That the Market for Computers Is Initially in Equilibrium

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Suppose that the market for computers is initially in equilibrium. Further suppose that there is an increase in the price of computer software. The equilibrium price will rise; the equilibrium quantity will rise.


Definitions:

Passive Job Seeker

A person not actively looking for employment but who might be interested in new opportunities if approached.

Job Hopper

An individual who frequently changes jobs, typically spending a short duration at each position.

Reluctant Candidate

An individual who is hesitant or shows little interest in accepting a position or nomination.

Employee-Referred Applicants

Candidates for a job who are recommended by existing employees of the organization.

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