1.The lead article in the February 12, 1996 Business Section of
the New York Times was titled "The Meteoric Rise of Web Site Designers." Part
of the point of the article was that more and more businesses are
hiring people to design web sites. Using simple supply and demand
analysis, what will happen in the short run to the wages paid to
and numbers employed as web-site designers? (In the short run in
this case, the supply curve does not have time to shift.)
- Wages will fall and the number employed will fall.
- Wages will rise and the number employed will increase.
- Wages will remain constant and the number employed will increase.
- Wages will rise and the number employed will fall.
- Wages will fall and the number employed will increase.
Copyright © 1995-2005 OnLineTexts.com, Inc. - All Rights Reserved