In a given labor market, the demand for labor by employers will shift to the right or left with changes in all of the following, except
A) the demand for the products produced by the employers.
B) the price of labor that the employers must pay.
C) the prices of other resources that the firms must use.
D) occupational trends affecting the particular labor in the market.

Question

Quizplus · Accepted Answer

The demand for labor by employers is influenced by factors such as the demand for the products they produce, the prices of other resources, and occupational trends. However, the price of labor itself (wages) affects the quantity of labor demanded, not the demand curve's position.

In a Given Labor Market, the Demand for Labor by Employers