Match the following with the correct answer. Answers can be used more than once. v In the labor market, what causes a movement along the A. A change in anything that affects the demand of labor demand curve? B. A change in anything that affects the supply of labor v In the labor market, what causes a shift in the demand C. other input prices curve? D. A change in anything that affects supply of labor other than price v In the labor market, what causes a movement along the supply curve? E. Changes in the wage rate (the price of labor). F. A change in anything that affects demand for labor other than v In the labor market, what causes a shift in the supply price curve?
Match the following with the correct answer. Answers can be used more than once. v In the labor market, what causes a movement along the A. A change in anything that affects the demand of labor demand curve? B. A change in anything that affects the supply of labor v In the labor market, what causes a shift in the demand C. other input prices curve? D. A change in anything that affects supply of labor other than price v In the labor market, what causes a movement along the supply curve? E. Changes in the wage rate (the price of labor). F. A change in anything that affects demand for labor other than v In the labor market, what causes a shift in the supply price curve?
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter18: Pricing The Factors Of Production
Section: Chapter Questions
Problem 4TY
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There will be movement along the demand curve if wage rate changes and other factors affecting the demand curve of labor remains same. If factors other than wage rate change, there will be shift in the demand curve of labor.
There will be movement along the supply curve if wage rate changes and other factors affecting the supply curve of labor remains same. If factors other than wage rate change, there will be shift in the supply curve of labor.
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