Suppose a new technology makes video calls easier and more affordable for banks, allowing them to...
Suppose a new technology makes video calls easier and more affordable for banks, allowing them to place "virtual tellers" in all ATM machines. If this happens, we would expect the _________________ to _____________________ causing the salaries for remotely located customer service representatives to ___________________________.
| a. |
supply, decrease, decrease |
|
| b. |
demand, increase, increase |
|
| c. |
supply, increase, increase |
|
| d. |
demand, decrease, decrease |
Homework Answers
If this happens then the demand of virtual tells would increase.When demand increases firms want to raise their production to meet increased demand and earn higher profit.To increase production,firms will have to hire more labour,which will increase the wages of labour.
Answer-Demand, increase, increase
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