Question

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)

Answer 1

Occupations with a high quantity of qualified providers and a high level of demand for labor are likely to experience lower wages due to the oversupply of workers in the market. As the competition for jobs increases, employers can offer lower wages since there are so many qualified candidates available.