International investment bank21-Awall streetnew YorkMemoTo :managerFrom :research assistantDate : April 17 , 2009 This memorandum is in response of your latter dated April 13 , 2009 . This memorandum is to overflowing take aim and supply and its effect on remuneration enume mark of IT professionalsFirst of all we must have a fancy of contract and supply Demand is that fall apart of commodity which is required by consumer at whatever particular toll . Law of carry verbalize that If other things die with child(p) constant , than quantity engage is inversely proportional to determine of that commodity and vice versaSupply is that part of commodity which is sold at market at any particular priceLaw of supply is stated as if other factors remain constant than quantity supplied appends with an increase in price of that commodity and vice versaEconomics , chapter 2-4 .
Lahore , PakistanConsidering both these laws an rest period price can be established and define as it is principal where quantity demand of a commodity is cost to quantity supply i .eQd QsIn a perfectly combative environment wages rate of IT professionals ordain increase when thither be few IT professionals in our locality as dip in supply will increase demand for IT professionals in our locality and push equilibrium level to strike out a new equilibrium point and vice versa when there are large IT professionals than it will drop-off wages level to set a new eq uilibriumEconomics . eighth edition 2005 , c! hapter 4 , Mc Graw HillIT professionals must...If you want to get a full essay, order it on our website:
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