The Market Demand Curve for Labor Is

question 128

Multiple Choice

The market demand curve for labor is

• A)the horizontal summation of the firms' demand curves for labor, derived exactly the same way the product market demand curve is derived from the consumers' demand curves.
• B)the vertical summation of the firms' demand curves for labor.
• C)any one firm's demand curve labor multiplied horizontally by the number of firms in the labor market.
• D)not the horizontal summation of the firms' demand curves for labor because higher wage rates result in a higher price for the goods produced.

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