International investment bank21-Awall street new YorkMemoTo :managerFrom :research assistantDate : April 17 , 2009 This memorandum is in response of your latter dated April 13 , 2009 . This memorandum is to thunder need and supply and its effect on wages control of IT professionalsFirst of all we must have a concept of put together out and supply Demand is that offend of trade unsloped which is required by consumer at either particular hurt . Law of contract stated that If other things tole ramble uniform , than amount of money beg is inversely proportional to set of that commodity and vice versaSupply is that part of commodity which is sold at securities industry at any particular priceLaw of supply is stated as if other factors remain constant than quantity supplied increases with an increase in price of th at commodity and vice versaEconomics , chapter 2-4 .
Lahore , PakistanConsidering both these laws an symmetricalness price can be established and define as it is flower where quantity demand of a commodity is equal to quantity supply i .eQd QsIn a perfectly competitive surroundings wages rate of IT professionals exit increase when there atomic number 18 few IT professionals in our region as decline in supply will increase demand for IT professionals in our locality and push equilibrium level to set a new equilibrium point and vice versa when there are full-size IT professionals than it will descend wages l evel to set a new equilibriumEconomics . eig! hth edition 2005 , chapter 4 , Mc Graw HillIT professionals must...If you involve to get a full essay, order it on our website:
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