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Mathematics, 03.02.2020 10:03 8hoofs
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
if a drug company is granted a patent on a new medication, which result is possible?
a) a price ceiling
b) government control of that drug
c) a monopoly in the production of that medication
d) perfect competition in the market for that drug
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