The demand for labor will decrease in response to:
A) increased productivity.
B) better training of all laborers.
C) a decrease in the supply of labor.
D) decreased demand in markets for consumer goods and services.

Question

Quizplus · Accepted Answer

When there is decreased demand in markets for consumer goods and services, it typically leads to a decrease in production and sales, which results in companies needing less labor to produce their products or services. This ultimately leads to a decrease in demand for labor.

The Demand for Labor Will Decrease in Response To