An increase in a product's price will shift the labor demand curve for workers who produce that product to the left.

Name: An increase in a product's price will shift the labor demand curve for workers who produce that product to the left.
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Question

Quizplus · Accepted Answer

An increase in a product's price typically increases the demand for that product, which can lead to an increase in the demand for labor to produce more of that product, shifting the labor demand curve to the right, not left.

An Increase in a Product's Price Will Shift the Labor