Introduction to Economics 1 Deneme Sınavı Sorusu #1172664

Which one of the followings can be included in the determinants of labour demand?


Opportunities in Other Labor Markets

Changes in Tastes of Workers

Changes in Population

Tax Policies

Number of Firms in the Market:


Yanıt Açıklaması:

There is obviously an inverse relationship between the wage and the quantity of labor demanded. We know this because that is the information we have from individual MRPL curves of the firms. However, the amount of labor demand at a given wage is affected by some other factors as well: Market Price, Technology, Prices of other Factors of Production, Number of Firms in the Market. The answer is E.

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