The Market Demand Curve for Labor

question 119

Multiple Choice

The market demand curve for labor

• A)is determined by adding up the quantity of labor demanded by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers.
• B)is the same as the market demand curve for the product labor produces because it is a derived demand.
• C)is determined by adding up the demand for labor by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers.
• D)is perfectly inelastic because there is a finite number of workers in the market for labor.