Which of the following is most likely to result from an increase in the demand for computer technicians?
A) an increase in the wages of computer technicians, which will attract additional technicians in the long run
B) an increase in the employment of computer technicians, which will depress current wage rates but eventually lead to higher wage rates for technicians
C) a decline in the number of persons preparing themselves for careers as computer technicians
D) lower wage rates and a shortage of computer technicians

Question

Quizplus · Accepted Answer

An increase in demand for computer technicians typically leads to higher wages to attract more workers into the field, balancing supply and demand in the long run.

Which of the Following Is Most Likely to Result from an Increase