The labor market demand curve
A) is the summation of the labor demand curve for each output market.
B) is identical to the average firm labor demand curve.
C) is the sum of the wages paid for each unit of labor of the individual firms labor demands.
D) is always upward sloping for competitive labor markets.

Question

Quizplus · Accepted Answer

The labor market demand curve is the sum of individual firms' labor demand curves within the industry or market. This is because a change in the market wage rate affects the demand for labor for all firms within the market, and thus the overall labor market demand curve reflects this cumulative effect.

The Labor Market Demand Curve