All else remaining the same,an increase in the price firms receive for their output will

Name: All else remaining the same,an increase in the price firms receive for their output will
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An increase in the price firms receive for their output would increase their revenue, leading to a higher demand for labor to produce more goods or services to meet the increased demand from consumers. Therefore, it would increase labor demand.

All Else Remaining the Same,an Increase in the Price Firms