Which of the Following Would Cause a Firm's Demand Curve

question 3

Multiple Choice

Which of the following would cause a firm's demand curve for labor to shift?

• A)The price of a firm's output changes.
• B)The wage rate changes.
• C)The number of available workers changes.
• D)The wages paid by rival firms change.

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Definitions:

QBO

Stands for QuickBooks Online, a cloud-based accounting software designed for small and medium-sized businesses.

Credit Card

A payment card issued by banks that allows users to borrow funds to pay for goods and services, with the promise to pay back the borrowed amount plus interest.

QBO

An abbreviation for QuickBooks Online, a cloud-based accounting software designed for small to medium-sized businesses to manage sales, expenses, and account tracking.

Internal Controls

Processes and procedures implemented by a business to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.