Other Things Constant, If the Demand for Computer Scientists Rises

question 69

Multiple Choice

Other things constant, if the demand for computer scientists rises,

• A) the wages of computer scientists will tend to fall.
• B) employment of computer scientists will tend to rise.
• C) there will be a surplus of computer scientists.
• D) there will be a shortage of computer scientists.

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Definitions:

Market Price

The current value at which an asset or service is being traded in the market.

Battery Packs

Collections of battery cells or batteries configured in a pack to provide power to electronic devices or systems.

Supply Curve

A visual depiction displaying the connection between a product's price and the amount of the product that suppliers are prepared to offer.

Electric And Hybrid Autos

Vehicles powered by electric motors, either entirely (electric) or combined with a conventional internal combustion engine (hybrid).