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?

Question

Quizplus · Accepted Answer

An increase in the value of the marginal product of computer programmers would lead to an increase in demand for computer programmers, which would shift the demand curve to the right. This would cause an increase in both equilibrium wage and quantity.

Consider the Labor Market for Computer Programmers