In the market for labor, demand describes(1 point)

Responses

the quantity of labor that workers are willing to provide.
the quantity of labor that workers are willing to provide.

the relationship between the quantity of labor that workers are willing to provide and the wages they are willing to accept.
the relationship between the quantity of labor that workers are willing to provide and the wages they are willing to accept.

the quantity of labor that firms are willing to hire.
the quantity of labor that firms are willing to hire.

the relationship between the quantity of labor that firms are willing to hire and the wage that they are willing to pay.

1 answer

In the market for labor, demand describes the relationship between the quantity of labor that firms are willing to hire and the wage that they are willing to pay.