12)Which of the following would cause a rightward shift of the demand for labour:
Select one:
a. A labour shortage
b. A decrease in the labour productivity
c. A decrease in the demand for the output that labour produces
d. An increase in the price of output that labour produces
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Answer:
a) labour shortage
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The correct answer is OPTION D: An increase in the price of output that labor produces
- The price-quantity relationship is visually represented by a demand curve.
- When one of the supply factors changes, demand swings.
- A quantity requested refers to a specific amount of a product at a specific price.
- Demand, on the other hand, is a broad term that refers to a wide range of quantities and prices required.
- A "change in quantity demanded" is a movement in the demand curve that corresponds to a price change.
- A "change in demand" is a shift in the demand curve produced by something other than a price change.
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