An increase in the price of capital will
A) lead to an increase in the demand for labor.
B) lead to a decrease in the demand for labor.
C) lead to a substitution of more capital and less labor.
D) not affect the demand for labor.
Correct Answer:
Verified
Q100: An increase in the demand for a
Q101: All of these will cause a shift
Q102: All of these would cause a rightward
Q103: Some of the factors that affect the
Q104: Which of these is NOT a reason
Q106: Robotic manufacturing has made labor demand for
Q107: Factors that affect the elasticity of demand
Q108: If the wages of Nike employees increase
Q109: If the wages of Nike employees increase
Q110: If wages increase at a 5% rate
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