Figure 18-10 -Refer to Figure 18-10. Which of the following would shift of the labor demand curve from D₁ to D₂? A)a change in workers' attitudes toward the work-leisure tradeoff B)decreases in wages in other labor markets C)an increase in the price of firms' output D)All of the above are correct.

Question

Quizplus · Accepted Answer

An increase in the price of firms' output would increase the profitability of firms, leading to an increase in demand for labor and a rightward shift of the labor demand curve. Changes in workers' attitudes or decreases in wages in other labor markets would not directly affect the demand for labor in this market.

Figure 18-10 -Refer to Figure 18-10. Which of the Following Would Shift