If the demand curve for economics textbooks shifts to the left, then the value of the marginal product of labor for economics textbook authors will
A)rise.
B)fall.
C)remain unchanged.
D)rise or fall; either is possible.

Question

Quizplus · Accepted Answer

If the demand curve for economics textbooks shifts to the left, the quantity demanded for economics textbooks will decrease. This will decrease the revenue earned by publishers, and they will have to reduce their costs to maintain profits. As a result, the value of the marginal product of labor for economics textbook authors will fall.

If the Demand Curve for Economics Textbooks Shifts to the Left