The demand for labor will increase in response to:
A)increased labour productivity.
B)a decrease in the supply of labor.
C)a decrease in the price of capital that can be used in place of the labor.
D)lower product prices.

Question

Quizplus · Accepted Answer

Increased labor productivity means that workers can produce more output in the same amount of time, making them more valuable to employers and increasing demand for their services.

The Demand for Labor Will Increase in Response To