Microeconomics

MCQ - 142-4152

Question:

The demand for labor falls if

labor productivity falls.
the price of the good produced by labor rises.
the price of a complementary input falls.
the price of the good produced by labor rises.
a minimum wage is removed from the labor market.

Correct Answer: A

Explanation:

Demand for labor is the MRPL curve. Higher labor productivity increases labor demand.

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