Consider the Labor Market for Computer Programmers

question 86

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,what effect did this process have on the equilibrium quantity in the labor market for computer programmers?

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

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