An Increase in a Product's Price Will Shift the Labor

question 144

True/False

An increase in a product's price will shift the labor demand curve for workers who produce that product to the left.

---

Definitions:

Organization Development

A discipline concerned with growing the knowledge and efficacy of personnel to drive more effective changes and improvements in organizational settings.

Quality Program

A program that embeds product and service quality excellence in the organizational culture.

Management by Objectives

A management strategy where employees and managers collaborate to set, monitor, and achieve specific objectives within a defined timeframe.

Initial Targets

The preliminary goals or objectives set at the start of a project or period.