Assuming all else equal,if the demand for a firm's product falls,________.
A) the firm's labor demand curve shifts to the right
B) the firm's labor demand curve shifts to the left
C) the firm moves to a lower point along its labor demand curve
D) the firm moves to a higher point along its labor demand curve

Question

Quizplus · Accepted Answer

When the demand for a firm's product falls, the firm will likely need less labor to produce the lower quantity of goods demanded, leading to a leftward shift in the firm's labor demand curve.

Assuming All Else Equal,if the Demand for a Firm's Product