In one to two sentences, use the concepts of quantity of qualified providers and level of demand for labor to explain which occupations are likely to experience the lowest wages. (2 points)
Occupations with a high quantity of qualified providers and a low level of demand for labor are likely to experience the lowest wages, as employers have a larger pool of candidates to choose from and can negotiate lower wages as a result. This can result in a surplus of workers in these occupations competing for limited job opportunities, leading to lower pay overall.
