In a given labor market, the demand for labor by employers will shift to the right or left with changes in all of the following, except
A)the demand for the products produced by the employers.
B)the price of labor that the employers must pay.
C)the prices of other resources that the firms must use.
D)occupational trends affecting the particular labor in the market.

Question

Quizplus · Accepted Answer

The price of labor that the employers must pay is a movement along the demand curve, not a shift of the demand curve itself. Shifts in the demand curve for labor are caused by factors like changes in product demand, prices of other resources, and occupational trends, not by changes in the wage rate.

In a Given Labor Market, the Demand for Labor by Employers