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

Responses

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

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

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 workers are willing to provide and the wages they are willing to accept.

1 answer

The correct response is:

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

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