The demand for labor depends on ______ and _______.  a) the supply of labor; the marginal product of labor b) the supply of labor; the price of output produced c) the rate of price inflation; the price of the output produced d) the marginal product of labor; the price of output produced

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A: "Since you have asked multiple questions, we will solve the first one for you. If you want any…

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A: For answering this question we will consider all the options separately.

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Q: 1. factor markets? take an example 2. changes of labor supply and labor demand? take an example…

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