Consider a Firm's Demand Curve for Labour

question 39

Multiple Choice

Consider a firm's demand curve for labour.If a technological change makes it easier to substitute capital for labour,the demand curve for labour

• A)shifts parallel to the right.
• B)shifts parallel to the left.
• C)becomes more inelastic.
• D)becomes more elastic.
• E)is not affected.

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Definitions:

Reverse Innovation

An innovation seen first, or likely to be used first, in the developing world before spreading to industrialized nations.

Outsourced

The act of hiring external organizations or individuals to perform tasks, handle operations, or provide services that are either difficult to manage or are outside of the business's core competencies.

Sustainable Business

An enterprise that operates in a way that preserves or enhances economic opportunity, environmental health, and social equity for current and future generations.

Well-being

A state of comfort, health, or happiness.