Which of the following will lead to a decrease in the firm's short-run demand for labor?
A) An increase in the price of the final product
B) An increase in price of the final product's substitute good
C) A decline in labor productivity
D) An increase in the number of buyers for the final product
Correct Answer:
Verified
Q224: The demand for computers increases. As a
Q226: The equilibrium wage rate in an industry
Q231: If the price of labor increases, the
Q232: A short-run increase in the price of
Q233: As the wage rate rises, other things
Q233: Assume that the labor market is perfectly
Q234: In labor markets, the substitution effect occurs
Q238: The equilibrium wage rate in an industry
Q240: Which of the following will lead to
Q241: Which of the following will not cause
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents