Which of the following scenarios will shift the labor demand curve to the right?
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01/10/2022
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The Demand for goods or services is defined as the desire of a consumer to purchase that commodity. The Supply of goods or services is the overall availability of that commodity in the market. These two forces influence the market economy of a particular product, industry or even a nation. Show
Below is a list of multiple-choice questions and answers on Demand and Supply to help students understand the topic better.
Answer: b Answer: b Answer: c Answer: c Answer: a Answer: b Answer: c Answer: c Answer: c Answer: b Answer: a Answer: a Answer: c Answer: b Answer: c Answer: c Answer: a Answer: d Answer: a Answer: d Answer: a Answer: a Answer: a Answer: b Answer: d Also See:
Which of the following can shift the labor demand curve to the right?Firms prefer hiring workers with higher productivities. Therefore, an increase in workers' productivity will increase the demand for labor and the demand curve for labor will shift to the right.
What shifts the labor demand curve?The labor demand curve shows the value of the marginal product of labor. Starting from there, we can identify a number of factors that cause a shift in the labor demand curve: the output price, technological change, and the supply of other factors of production.
Which of the following increases in labor demand is due to a change in the product demand?Which of the following increases in labor demand is due to a change in the product demand? Access to computers increases the productivity of mail order businesses, thus increasing the demand for their workers.
Why are the factors that shift the demand for a product different from the factors that shift the demand for labor?Factors that shift the demand for a product are different from the factors that shift the demand for labor because both the product and labor demand curves are downward sloping, but both the product and labor supply curves are upward sloping.
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