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 labor market for computer programmers?
A) The equilibrium wage increased and the equilibrium quantity of labor increased.
B) The equilibrium wage increased and the equilibrium quantity of labor decreased.
C) The equilibrium wage decreased and the equilibrium quantity of labor increased.
D) The equilibrium wage decreased and the equilibrium quantity of labor decreased.
Correct Answer:
Verified
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