Labor markets are different from most other markets because labor demand is a. unresponsive to changes in wages. b. unresponsive to changes in the final prices of the products produced by the labor. c. a derived demand. O d. very responsive to labor supply.

Labor markets are different from most other markets because labor demand is a. unresponsive to changes in wages. b. unresponsive to changes in the final prices of the products produced by the labor. c. a derived demand. O d. very responsive to labor supply.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 1SCQ: In the labor market, what causes a movement along the demand curve? What causes a shift in the...

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Labor markets are different from most other markets because labor demand is
a. unresponsive to changes in wages.
b. unresponsive to changes in the final prices of the products produced by the labor.
c. a derived demand.
O d. very responsive to labor supply.

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