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What Will Happen to the Labour Demand Curve for Timber

Question 213

Essay

What will happen to the labour demand curve for timber workers and why in the following cases:
a. the price of timber increases.
b. new harvesting technology increases the quantity of logs that can be processed.
c. several of the forestry company's sawmills have to be shut down to deal with toxic waste spills.

Correct Answer:

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a. Labour demand will increase because t...

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