When there is a shortage of highly skilled workers in a particular region: O highly skilled workers can negotiate higher salaries. O the incomes of highly skilled workers fall. O unemployment rises among highly skilled workers. there is a corresponding surplus of low-skilled workers in the region. You're shopping online, and you place an item in your virtual cart. Two days later, you return to the virtual cart to check out and find that the item is now more expensive. Assuming that the market is competitive, what could explain the price increase? There is a shortage of the item. There is decreased demand for the item. There is a surplus of the item. New sellers are offering the same product. Graphically, shortages will always occur: at prices below the equilibrium price. when the quantity supplied exceeds the quantity demanded. at the equilibrium price. at prices above the equilibrium price.

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When there is a shortage of highly skilled workers in a particular region highly skilled workers can negotiate higher salaries.

Any employee who possesses specialised knowledge, training, or skills that they may apply to their work is referred to as a skilled worker. A skilled worker can have gone to a technical school, college, or university. Alternately, a talented worker can have picked up their abilities while working. Having these skills frequently produces greater financial results.

Through the 20th century, the definition of a skilled worker underwent significant modification, especially as a result of the industrial effects of the Great Depression and World War II. This definition has changed even further as a result of globalisation in Western nations, with many employment shifting from manufacturing-based industries to more complex technical and service-based ones. Engineers, scientists, surgeons, and teachers are examples of skilled labour with a university education, whereas examples of skilled labour with a vocational education.

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