Which of the following will not shift the demand curve for labor?
A)the use of a larger stock of capital with the labor force
B)a change in the wage rate
C)an increase in the price of the product that labor is helping to produce
D)the adoption of a more efficient method of combining labor and capital in the production process

Question

Quizplus · Accepted Answer

A change in the wage rate leads to a movement along the demand curve for labor, not a shift of the curve. Shifts in the demand curve for labor are caused by factors like changes in productivity, technology, and the price of the product being produced, as mentioned in options A, C, and D.

Which of the Following Will Not Shift the Demand Curve