Which of the following correctly explains the effect of a variable on the labor demand curve?

Which of the following correctly explains the effect of a variable on the labor demand curve? O A. If the number of firms in

Answer

Answer Option D If the price of the product increases, then the labor demand curve will shift to the right The labor demand curve is the marginal revenue product curve and it shifts if there is a change in technology and price.

The increase in price and technology shifts it to the right and vice verse.

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