Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

assume that the skills required of a sales clerk at a retail store are similar to those required of workers at a fast-food restaurant. if workers are completely indifferent between fast-food jobs and retail-sales jobs, in what way would the wages of sales clerks change, if at all?

Sagot :

jaquelinefvr

If workers are completely indifferent between fast-food jobs and retail sales jobs, clerk wages would increase if the supply of food service workers increased.

How do supply and demand influence the market?

Supply and demand are two economic concepts that determine how much product and service is available on the market, and demand determines how much consumers are willing to consume of a good. Its fluctuations are capable of determining the price and quantity of a good available in the market.

Therefore, the greater the demand, the greater the supply, which means an increase in consumption, productivity and also a greater need for workers, which can influence the increase in wages.

Find out more about supply and demand on:

https://brainly.com/question/4804206

#SPJ1

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.