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. This highlights how changes in wages influence the amount of labor that employers are prepared to hire.
The Labor Market Quick Check1 of 51 of 5 ItemsQuestionIn the market for labor, demand describes(1 point)Responsesthe 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.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 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 workers are willing to provide.the quantity of labor that workers are willing to provide.Skip to navigation
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