The Demand Curve for Labor Will Shift Whenever

question 98

Multiple Choice

The demand curve for labor will shift whenever

• A) the wage rate changes.
• B) the marginal factor cost changes.
• C) demand for the final product changes.
• D) the supply of labor changes.

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Definitions:

Home-Based Businesses

Firm operated from the residence of the business owner.

Business Hours

The specific times during which a business is open to its customers or clients, typically defined by each company.

Customer Availability

Describes the extent to which customers can access or purchase goods and services at a given time.

Horizontal Merger

A type of business consolidation that occurs between firms that operate in the same industry.