If a Firm Uses New Technology That Increases Its Demand

question 53

Multiple Choice

If a firm uses new technology that increases its demand for labour, the firm's demand for labour curve

• A) shifts rightward only if the demand for labour is elastic.
• B) shifts rightward only if the demand for labour is inelastic.
• C) shifts rightward regardless of whether the demand for labour is elastic or inelastic.
• D) does not shift, but there is a movement along it.
• E) shifts leftward.

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Definitions:

State the Mission

The act of clearly expressing a company's purpose and core objectives, guiding its strategies, operations, and decision-making processes.

Target Audience

A specific group of consumers identified as the intended recipient of a product, service, or marketing message.

Promotional Programs

Planned campaigns to increase product awareness, sales, and brand loyalty through various marketing strategies.

Prospective Buyers

Individuals or entities that are considered potential customers for a product or service, often targeted in marketing efforts.