Which is an example of a change in product demand that decreases labor demand?
A) An increase in the price of paper increases the cost of making books,thus decreasing the demand for bookbinders.
B) The widespread availability of self-serve gas pumps reduces the demand for workers pumping gas.
C) An increase in the price of steel increases the cost of producing cars and trucks,thus decreasing the demand for automobile workers.
D) A decline in productivity in retailing decreases the demand for retail sales workers.

Question

Quizplus · Accepted Answer

With the widespread availability of self-serve gas pumps, customers are increasingly choosing to pump their gas by themselves instead of relying on gas station employees to do it for them. This decreases the demand for workers pumping gas, thus leading to a decrease in labor demand.

Which Is an Example of a Change in Product Demand