If the Price of the Firm's Output Increases, the Demand

question 62

Multiple Choice

If the price of the firm's output increases, the demand for labour curve

• A) remains constant.
• B) shifts rightward.
• C) shifts leftward.
• D) might shift leftward or rightward depending on whether the demand for the firm's product is elastic or inelastic.
• E) could shift rightward, leftward or remain constant.

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Definitions:

On-shoring

The practice of bringing business operations back to the company's country of origin from overseas to improve control and reduce costs.

Intermediate Vehicle Carriers

Companies or services that provide transportation of goods between primary carriers and final delivery points.

Small Package Carriers

Companies that specialize in the shipment of small parcels or packages, typically offering services like rapid delivery and tracking capabilities.