If the wage rate rises,firms will find that:
A) their labour demand curve shifts leftward.
B) their labour demand curve shifts rightward.
C) they move upward and to the left along the labour demand curve.
D) they move downward and to the right along the labour demand curve.

Question

Quizplus · Accepted Answer

When the wage rate rises, firms will hire less labor, leading to a movement upward and to the left along the existing labor demand curve, not a shift of the curve itself.

If the Wage Rate Rises,firms Will Find That