When the price of the good or service it produces rises, the firm's
A) demand for labor curve shifts rightward.
B) demand for labor curve shifts leftward.
C) demand for labor curve remains unchanged.
D) output decreases.
A
Economics
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Which of the following is not a reason for the downward slope of an aggregate demand curve?
a. Real balances effect. b. Real interest-rate effect. c. Net exports effect. d. All of these are reasons.
Economics
Here is a consumption function: C = C0 + MPC(Yd). If C0 = $300, then we know that
A) if Yd rises by $1, then Co rises by $1. B) if Yd rises by $1, then C rises by $300. C) as C0 rises by $15, C rises by $15. D) as C0 rises by $15, Yd rises by $15.
Economics