f 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?
Responses
A Wages would stay the same as job opportunities increase.Wages would stay the same as job opportunities increase.
B Wages would increase as the number of workers increases.Wages would increase as the number of workers increases.
C Wages would decline as the competition for jobs increases.Wages would decline as the competition for jobs increases.
D Wages would increase as competition for these workers increases.Wages would increase as competition for these workers increases.
E Wages would stay the same as job opportunities decrease
C Wages would decline as the competition for jobs increases.
The most likely effect on wages for computer engineers if the supply of these workers increases at the same time that the demand for them decreases would be that wages would decline as the competition for jobs increases.
Explanation: When the supply of computer engineers increases, there will be a larger pool of available workers in the market. At the same time, if the demand for these workers decreases, there will be fewer job opportunities available. With more supply and less demand, the competition for jobs among computer engineers will intensify. As a result, employers will likely have more bargaining power, and they may offer lower wages to attract candidates. Therefore, option C is the most likely outcome.