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Homework answers / question archive / What effect will each of the following have on the market labor demand for a specific type of labor? A

What effect will each of the following have on the market labor demand for a specific type of labor? A

Economics

What effect will each of the following have on the market labor demand for a specific type of labor?

A.) An increase in product demand.

B.) A decline in the productivity of this type of labor.

C.) An increase in the price of a gross substitute for labor.

D.) A decline in the price of a gross complement of labor.

E.) The demise of several firms that hire this labor.

F.) A decline in the market wage rate for this labor.

G.) A series of mergers that transforms the product market into a monopoly.

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