In a competitive labour market,an increase in the demand for labour might be due to an increase in the
A)supply of labour.
B)wage rate.
C)supply of the product that labour produces.
D)demand for the product that labour produces.
E)supply of the other factors.

Question

Quizplus · Accepted Answer

An increase in the demand for labor would be due to an increase in the demand for the product that labor produces, as businesses need more employees to meet the higher demand for their goods or services. An increase in the supply of labor, wage rate, or other factors would not necessarily affect the demand for labor.

In a Competitive Labour Market,an Increase in the Demand for Labour