Give two examples of events that could shift the demand for labor, and explain why they do so. 2 Give two examples of events that could shift the…

1. Give two examples of events that could shift the demand for labor, and explain why they do so.2 Give two examples of events that could shift the supply of labor, and explain why they do so.3. Explain how the wage can adjust to balance the supply and demand for labor while simultaneously equaling the value of the marginal product of labor.

1) Shifts in demand for labour are caused due toa) Change in Technology- whenever the technology progresses, new innovationshappen the demand for labour decreases. For example; the work of…

Join the Conversation

5 Comments

  1. 267493 711037When I initially commented I clicked the -Notify me when new comments are added- checkbox and now each time a remark is added I get four emails with exactly the same comment. Is there any manner you possibly can take away me from that service? Thanks! 814213

Leave a comment

Your email address will not be published.