Question

As the information technology advances and consumers buy products requiring more and more technology, the wages of people with high level programming and other technical skills would a. increase as the supply of high tech skills increases. b. increase as the demand for high tech skills increases. c. not be affected by consumers’ purchases d. decrease as the supply of high tech skills increases.

Answer 1

Answer:

b. increase as the demand for high tech skills increases.

Explanation:

Due to the fact that the demand for technological products is increasing, the demand for people who possess high tech skills would also increase as firms would want to provide more tech products to satisfy the demand of consumers.

This would lead to an increase the demand for people with high tech skills. When demand exceeds supply, wages would rise.

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