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, the equilibrium quantity in the labor market for computer programmers
A)increased.
B)decreased.
C)did not change.
D)It is not possible to determine the equilibrium quantity.

Question

Quizplus · Accepted Answer

The increase in the value of the marginal product of computer programmers would lead to an increase in demand for them, increasing their equilibrium quantity in the labor market.

Consider the Labor Market for Computer Programmers