An increase in the demand for a product will shift the demand curve for labor producing the product to the right.

Name: An increase in the demand for a product will shift the demand curve for labor producing the product to the right.
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Question

Quizplus · Accepted Answer

When there is an increase in demand for a product, the producer will try to produce more to meet the demand. This will require hiring more labor and the demand for labor producing the product will shift to the right.

An Increase in the Demand for a Product Will Shift