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Explain the Factors Affecting Demand for Labor Explain the relationship of Demand for Labor and Demand for a specific good in every item. POV: employer
Explain the Factors Affecting Demand for Labor
Explain the relationship of Demand for Labor and Demand for a specific good in every item. POV: employer
- Estimates of consumer demand
- Labor costs
- Elasticity- other things equal, the greater the price elasticity of product demand, the greater the elasticity of labor demand
- Productivity of workers
- Number of employers
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
