Since the demand for labor is a derived demand, any change in general wages will not shift the general demand curve for labor.

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Quizplus · Accepted Answer

The demand for labor is indeed a derived demand, meaning it is dependent on the demand for the goods and services that labor helps to produce. However, changes in general wages can affect the cost of production and, in turn, the quantity of labor that employers are willing to hire at different wage rates. This can shift the demand curve for labor.

Since the Demand for Labor Is a Derived Demand, Any