How are jobs affected by supply and demand ?Explain how changes in supply and demand couple impact employment and jobs?

Answer:

Please see explanation below

Explanation:

a. Just as supply and demand affects any other market, so does it affects jobs too. Take for instance if additional workers are added to the existing workforce while the demand for jobs remains the same; it means that employers would likely pay less which will bring about drop in income to employees hence causes less job stability. On the other hand, if there is an increase in demand for jobs while supply remains the same; then employers will be willing to pay more thereby resulting in higher income for few who are employed hence bring about job stability.

b. Change in demand refers to either an increase or decrease in demand for a particular good or service due to changes in consumer tastes, income level, population, price of substitutes etc; while change in supply is when suppliers decided to either increase or decrease their production or output due to changes in technology, process automation, change in the number of competitors in the market, taxes, production costs etc.

An increase in demand for certain goods or services would necessitate an increase in supply for such goods hence create avenue for producers or manufacturers to employ more people to produce them. Also, a decrease in demand for certain goods or services would result in less goods being produced hence lesser people getting employed to produce such goods.

On the other hand, when producers embraces new technology or process automation , the possibility of producing more goods will be higher while such would result in job losses.

As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,000 Accounts Receivable 15,000 Inventory 40,000 Prepaid Insurance 3000 Fixed Assets 100,000 Accounts Payable 15,000 Notes Payable in 5 Months 12,500 Salary Payable 25,000 Notes Payable in 5 years 35,000 Owner’s Equity 98,000 2. What is the company's Working Capital? Question 2 options: 12,500 10,500 15,000 15,500

Kids Early Start (KES) operates from Monday to Friday. KES provides childcare and educational services for inner-city kids between ages of 3 months and 5 years. It has fixed expenses of $35,000 per week and charges parents $15 per day for each child who attends the program.

Which of the following accurately describes one way that individual goods
differ from public goods?
A. All individual goods are normal goods.
B. Demand for individual goods is always inelastic.
C. Consumer rivalry results in decreasing marginal utility for
individual goods.
D. People can be excluded from using individual goods if they don't
pay.​

Which of the following does not promote increased international trade and economic growth?

A. High tariffs
B. Technological improvements
C. Industrialization
D. Trade liberalization​

Which of the following purchases is a matter of marginal, or incremental, cost-benefit analysis?
A large house
A college education
An alarm system
A surgical procedure
An additional sweatshirt

Which of these are characteristics of successful entrepreneurs?(select four answers)

Confidence,discipline, optimism,& passion

Use the information presented in the curve to answer
the following question.
What is the equilibrium price for the product?
$25
$20
$15
$10

With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the life of the loan. The principal is then paid on the date that the loan is due. Question 2 options: retirement loan balloon loan line of credit installment loan

Economics: Which items make up the marketing mix?