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Krazil Krazil
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2 months ago
How is a firm's labor demand curve affected when the price of its product rises?
Textbook 

Macroeconomics


Edition: 3rd
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maneee1maneee1
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More solutions for this book are available here
If the price of a firm's product increases, the firm increases the supply of the product. This increases the firm's demand for labor at the existing market wage. Therefore, the firm's labor demand curve shifts to the right.

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