Ceteris Paribus, a Leftward Shift in the Labor Demand Curve

question 115

Multiple Choice

Ceteris paribus, a leftward shift in the labor demand curve would cause

• A)the real wage to increase and the amount of labor employed to decline.
• B)both the real wage and the amount employed to increase.
• C)the real wage to decrease and the amount of labor employed to increase.
• D)both the real wage and the amount employed to decrease.
• E)neither the real wage nor the amount employed to change.

---

Definitions:

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit, such as purchasing stocks, bonds, or real estate.

Projected Sales

Forecasted revenue from goods or services that a company plans to sell over a certain period.

Value-based Pricing

A pricing strategy that sets prices primarily based on the perceived or estimated value of a product or service to the customer, rather than on its cost of production or historical prices.

Industrial Instrument

Industrial instrument involves tools and devices designed for industrial applications, including measuring, controlling, and monitoring processes.