Question

If the supply of computer engineers increases at the same time that the demand for these workers decreases, what would be the MOST LIKELY effect on wages for these workers?
A) Wages would stay the same as job opportunities increase.
B) Wages would increase as the number of workers increases.
C) Wages would decline as the competition for jobs increases.
D) Wages would increase as competition for these workers increases

Answer 1

Answer:

Option C is correct.

Explanation:

When the supply of system engineers rises while demand for such workers falls at the similar period, Wages will drop while competition for employment rises.

According to the law of demand, when the supply of one commodity is increased then the demand for other commodity falls. So, the following option  C is correct according to the following scenario.

Other options are incorrect because they are not relevant according to the following scenario.