which of the following will increase the demand for labour
ECONOMICS
WAEC 2015
which of the following will increase the demand for labour
- A. Increase wage rate
- B. labour's demand for output
- C. low wage rate
- D. low marginal productivity
Correct Answer: C. low wage rate
Explanation
Factors that can shift the demand curve for labor include: a change in the quantity demanded of the product that the labor produces; a change in the production process that uses more or less labor; and a change in government policy thataffects the quantity of labor that firms wish to hire at a given wage. When the payment for labour is low, fills will be willing to employ more people than with an increased wage rate
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