Which of the following factors will cause the demand curve for labor to shift to the right? (a) the demand for the product by labor declines. (b) the prices of substitute inputs fall. (c) the productivity of labor increases. (d) the wage rate declines. (e) None of the above.

Which of the following factors will cause the demand curve for labor to shift to the right? (a) the demand for the product by labor declines. (b) the prices of substitute inputs fall. (c) the productivity of labor increases. (d) the wage rate declines. (e) None of the above.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

ChapterP3: Market Structure

Section: Chapter Questions

Problem 9KC

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Question

Which of the following factors will cause the demand curve for labor to shift to the right?

(a) the demand for the product by labor declines.

(b) the prices of substitute inputs fall.

(d) the wage rate declines.

(e) None of the above.

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.

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