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Title: Which of the following statements is TRUE about the market demand curve for labor? Post by: yufeige4 on Mar 2, 2019 Which of the following statements is TRUE about the market demand curve for labor?
• The market demand curve is the sum of the individual firm's demand curve. • The market demand curve will be perfectly inelastic since firms need labor. • The market demand curve depends upon labor productivity, the wage rate and the price of the final product. • The market demand curve shows the quantities of labor demanded by all firms in the industry at various marginal products. Title: Which of the following statements is TRUE about the market demand curve for labor? Post by: Nashua on Mar 2, 2019 Content hidden
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