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Suppose that the demand for wireless routers falls as cities begin offering Internet access city-wide. What would happen to the labor market in the wireless router industry

Sagot :

MrRoyal

When the demand for the wireless router falls, the equilibrium wage will fall as a result of the demand for labor shifting left.

The demand of the wireless router has a direct relationship with the labor market of the industry.

On the demand curve, when there is a drop in the demand for a particular good i.e. when the demand falls, the demand for labor would also fall (i.e. the demand shifts left)

This means that, the equilibrium wage will also fall because there is a drop in the demand.

Hence, a fall in the demand for wireless router would amount to a left shift of the demand for labor.

Read more about demand and labor market at:

https://brainly.com/question/13540328

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