Asked by madisyn collier on Jun 11, 2024

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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.
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BB
Brandon BecktelJun 12, 2024
Final Answer :
B
Explanation :
A change in the wage rate leads to a movement along the demand curve for labor, not a shift of the curve. Shifts in the demand curve for labor are caused by factors like changes in productivity, technology, and the price of the product being produced, which are represented by the other options.