Question

Suppose service industries, such as retailing and banking, experience an increase in demand. These industries use...

Suppose service industries, such as retailing and banking, experience an increase in demand. These industries use relatively more labor than nonservice industries.

Will the demand curve for labor shift to the right, shift to the left, or stay the same? EXPLAIN.            

Homework Answers

Answer #1

The demand curve will shift towards right

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