What Is the Impact of an Increase in the Magnitude

question 1

Multiple Choice

What is the impact of an increase in the magnitude of quasi-fixed labour costs on the demand curve for labour?

• A) The demand curve shifts downwards and to the left.
• B) The demand curve becomes less elastic.
• C) There is no change to the demand curve.
• D) The demand curve becomes more elastic.
• E) The demand curve shifts upwards and to the right.

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