If there is an increase in the price of the final good that an industry produces,the labor demand curve for the industry is likely to ________.

Question

Quizplus · Accepted Answer

An increase in the price of the final good produced by an industry would lead to an increase in the demand for the industry's output. This, in turn, would lead to an increase in demand for the industry's labor, causing the labor demand curve to shift to the right.

If There Is an Increase in the Price of the Final