Which of the following may shift the labor demand curve? A. a decrease in the value of leisure ...
Question:
Which of the following may shift the labor demand curve?
A. a decrease in the value of leisure
B. an increase in the value of output that firms produce
C. more people entering the labor force
D. an increase in the value of leisure
Labor Demand:
In the labor market, the demand for labor comes from firms. The labor demand curve shows the number of workers that are demanded at different levels of wages. The lower the wage rate, the more the number of workers demanded.
Answer and Explanation: 1
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View this answerThe correct option is B. an increase in the value of output that firms produce.
When the value of output rises, firms will look to employ more...
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Understanding Shifts in Labor Supply and Labor Demand
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Chapter 7 / Lesson 4
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Learn about the labor supply and demand curves in economics. Explore the labor supply and demand curve shifts, and study the factors that impact both curves.
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