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Introduction to Economics 1
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi Factors of Production and Factor Markets soru cevapları
INTRODUCTION TO ECONOMICS I (İKTİSADA GİRİŞ I) - (İNGİLİZCE) Dersi Factors of Production and Factor Markets soru detayı:
SORU:
What increases demand for labor?
CEVAP:
The law of demand applies in labor markets this way: A higher salary or wage that is, a higher price in the labor market. At a given wage level, each firm has a certain level of demand for labor. Adding up the labor demand by all individual firms, we find the market demand for labor for each wage level.