Question

1.The lead article in the February 12, 1996 Business Section of the New York Times was titled "The Meteoric Rise of Web Site Designers." Part of the point of the article was that more and more businesses are hiring people to design web sites. Using simple supply and demand analysis, what will happen in the short run to the wages paid to and numbers employed as web-site designers? (In the short run in this case, the supply curve does not have time to shift.)

Wages will fall and the number employed will fall.
Wages will rise and the number employed will increase.
Wages will remain constant and the number employed will increase.
Wages will rise and the number employed will fall.
Wages will fall and the number employed will increase.