The Quantity Demanded of Labour Will Decrease If

question 314

Multiple Choice

The quantity demanded of labour will decrease if:

• A) the price of the product that the labour produces increases.
• B) the productivity of labour increases.
• C) the price of labour rises.
• D) there is an increase in the supply of a factor labour uses.

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Definitions:

Capital City Partnership

A collaboration or alliance formed between businesses, government entities, and/or non-profit organizations aimed at promoting economic development in a city's capital area.

Assets Distribution

The process of allocating a company's or estate's assets to creditors, shareholders, or heirs according to legal agreements or laws.

Creditors

Individuals or institutions to whom money is owed by debtors or borrowers.

Loan

A sum of money that is borrowed, often from a bank, which is expected to be paid back with interest.