Which of the Following Would Cause the Demand for Labor

question 81

Multiple Choice

Which of the following would cause the demand for labor to change?

• A) a change in the price of the good produced
• B) a change in the cost of living
• C) changes in the wage rate
• D) movements along the labor demand curve

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Definitions:

Complements

Goods or services that are used together, such that an increase in demand for one typically increases demand for the other.

Demand for Cream

The consumer interest and willingness to purchase cream, influenced by culinary trends, diet preferences, and availability of substitute products.

Demand Curve

A graph representing the relationship between the quantity of a good desired and its price.

Price

is the amount of money expected, required, or given in payment for something.