When Deriving the Market Demand Curve for a Particular Type

question 8

Multiple Choice

When deriving the market demand curve for a particular type of labor,one must:

• A)hold the market price of the output constant
• B)simply sum the labor demand curves of all employers of that type of labor
• C)account for the variation in market price as industry output expands
• D)hold constant the market price in competitive markets but allow the price to vary in monopoly markets

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