> Supply and demand curve for increased Global activity?

Supply and demand curve for increased Global activity?

Posted at: 2014-12-05 
If the market change is increased global activity by firms (demanders of labor) then they'll need more labor and the demand curve will shift to the right. Ceteris parabus, this will cause an increase in MIS wages, and more of them being employed. Now, if you look to the long term, the increase in wages should also attract more people into MIS jobs, thus shifting the supply curve to the right, and bringing wages down again and creating more MIS jobs. So the short run = more MIS jobs and higher wages; the long run = lots more MIS jobs but no change in wages. Remember this is all ceteris parabus.

What will the changes in the supply and demand curve be for the market?

1. Management Information System Experts: Increased global activity by firms (Remember this is a factor market for skilled labor: firms demand the experts, people supplu their services.) (Misspelled because my teacher misspelled it)