Solved

What Is the Major Reason the Market Demand Curve for Labour

Question 15

Multiple Choice

What is the major reason the market demand curve for labour slopes downward?


A) because at lower wage rates, workers are more willing to supply labour to the market
B) because at lower wage rates, workers are less willing to supply labour to the market
C) because of the law of diminishing marginal product
D) because of the law of diminishing marginal resource cost

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents