Multiple Choice
Which of the following statements is correct?
A) An increase in the supply of other factors, such as capital, will increase the demand for labor.
B) Labor-saving technology will increase the demand for labor.
C) Labor-augmenting technology will decrease the demand for labor.
D) A decrease in the price of output will increase the demand for labor.
Correct Answer:
Verified
Correct Answer:
Verified
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