which of the following will increase the demand... - WAEC Economics 2015 Question
which of the following will increase the demand for labour
A
Increase wage rate
B
labour's demand for output
C
low wage rate
D
low marginal productivity
correct option: c
Factors that can shift the demand curve for labor include: a change in the quantity demanded of the product that the labor produces; a change in the production process that uses more or less labor; and a change in government policy thataffects the quantity of labor that firms wish to hire at a given wage. When the payment for labour is low, fills will be willing to employ more people than with an increased wage rate
Please share this, thanks:
Add your answer
No responses