All of the Following Will Increase the Demand for Labor

question 3

Multiple Choice

All of the following will increase the demand for labor by firms in an industry except

• A)an increase in the price of the product produced by the industry.
• B)a decrease in the prices of inputs that substitute for labor.
• C)an increase in the marginal product of labor resulting from technological change.
• D)an increase in the demand for the product produced by the industry.

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Definitions:

Physical Characteristics

The observable traits or features of an entity, including its shape, size, texture, and color.

Smells

Sensory experiences produced by substances in the environment that are detected by the olfactory system in the nose, contributing to taste and often linked to memory.

Stimulus

Any event or situation that evokes a response from an organism.

Deepest Level

The most profound, innermost, or intense part or aspect of something.