Consider the labor market for computer programmers,which is in equilibrium.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?

Question

Quizplus · Accepted Answer

An increase in the value of the marginal product of computer programmers would lead to an increase in the demand for computer programmers, which would lead to an increase in the equilibrium quantity of computer programmers.

Consider the Labor Market for Computer Programmers,which Is in Equilibrium