Asked by madisyn collier on Jun 11, 2024
Verified
Which of the following will not shift the demand curve for labor?
A) The use of a larger stock of capital with the labor force.
B) A change in the wage rate.
C) An increase in the price of the product that labor is helping to produce.
D) The adoption of a more efficient method of combining labor and capital in the production process.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.
Labor Force
The total number of people employed or seeking employment in an economy at a given time.
Capital
Financial assets or the financial value of assets, such as cash and goods, used by a business to produce goods or services and achieve its objectives.
- Determine the variables that cause changes in the demand for labor curve.
Verified Answer
Learning Objectives
- Determine the variables that cause changes in the demand for labor curve.
Related questions
Which of the Following Will Not Cause a Shift in ...
Suppose the Demand for Strawberries Rises Sharply,resulting in an Increased ...
The Demand Curve for Labor Would Shift Leftward as the ...
Recent Research Suggests That Certain Plastic Containers May Have Cancer-Causing ...
When Milk Consumption Decreased,a Survey Firm Wanted to Know What ...