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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

Give two examples of events that could shift the demand for labor, and explain why they do so.

To determine

To determine:  Reason for shift in labor demand curve.

Explanation

The events that lead to shift the labor demand curve are technological change, output price and changes in supply of other factor. In the case of technology, the technological improvement leads to an increase in the marginal product of labor that causes to increase the demand for labor...

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