Consider a Perfectly Competitive Labour Market for Video-Game Designers

question 58

Multiple Choice

Consider a perfectly competitive labour market for video-game designers.Which of the following will shift the demand curve for these workers to the right?
1) an increase in the equilibrium wage rate for video-game designers;
2) a decrease in the market price of video games;
3) new software that improves the design process.

• A)1 only
• B)2 only
• C)3 only
• D)1 and 2
• E)2 and 3

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Definitions:

-Oma

A suffix used in medical terminology to denote a tumor or neoplasm.

Tumor

An abnormal growth of tissue that can be benign (non-cancerous) or malignant (cancerous), caused by uncontrolled cell division.

Swelling

Inflammation or enlargement of a part of the body, typically as a response to injury or infection.

Use

The act of employing something for a particular purpose or function.