Multiple Choice
Which of the following decreases in labor demand is due to a change in product demand?
A) An increase in the price of paper increases the cost of making books, thus decreasing the demand for bookbinders.
B) The widespread availability of news on the web reduces the demand for newspaper workers.
C) An increase in the price of steel increases the cost of producing cars and trucks, thus decreasing the demand for automobile workers.
D) A decline in productivity in retailing decreases the demand for retail sales workers.
Correct Answer:

Verified
Correct Answer:
Verified
Q193: A firm's demand curve for labor<br>A)is its
Q194: In firm X labor costs are 85
Q195: The less the elasticity of product demand,
Q196: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q197: Resource prices are important because they affect
Q199: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q200: Marginal resource cost is<br>A)the increase in a
Q201: The marginal productivity theory of income distribution
Q202: A union representative observed that if the
Q203: Suppose that the labor cost to total