Which of the following will cause a shift in the demand curve of labor?

Question

Quizplus · Accepted Answer

All of the above factors can cause a shift in the demand curve of labor. An increase or decrease in the productivity of labor will affect the demand for labor by changing the quantity demanded at any given wage rate. An increase or decrease in the demand for the product that labor produces will change the demand for labor by changing the profit and revenues that firms generate from producing. A decline in the price of a complementary input will reduce the cost of production and increase the demand for labor, as firms will be able to produce the same output at a lower cost.

Which of the Following Will Cause a Shift in the Demand