What happens to people who do not have skills to compete in the job market? are they employable or unemployable?

The people who do not have the skills to compete in the job market become unemployable.

Explanation:

To find employment one needs to possess certain skills that are prerequisite for those jobs which means that the people who do not possess those skills will become unemployable for the said jobs.

In our world of specializations a person must be employable for some amount of jobs otherwise they simply won't be able to find work any where as employable has become a very specific concept .

It is so in the current job market with different niches requiring different sort of specializations.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.