Multiple Choice
Which of the following increases in labor demand is due to a change in the price of a related resource?
A) Software sales rise, thus increasing the demand for software developers.
B) Snowboarding increases in popularity, thus increasing the demand for the workers who make snowboards.
C) A decrease in the price of wood decreases the cost of furniture, thus increasing the demand for furniture workers.
D) A technological change increases output per worker in the computer industry, thus increasing the demand for computer workers.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: If the substitution effect outweighs the output
Q184: For a firm selling its product in
Q185: (Last Word) When they were first introduced,
Q186: The demand for a resource depends primarily
Q187: Assume that an appliance manufacturer is employing
Q190: (Consider This) According to the Consider This
Q191: The demand curve for labor will most
Q192: If two inputs are complementary and employed
Q193: "Income receivers should be paid in accordance
Q194: A winner-takes-all market, like that for entertainers,