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In the market for labor, demand describes …?

A: the relationship between the quantity of labor that workers are willing to provide and the wages they are willing to accept

B:the quantity of labor that firms are willing to hire.

C: the quantity of labor that workers are willing to provide.

D:the relationship between the quantity of labor that firms are willing to hire and the wage that they are willing to pay.

Sagot :

Anthougoidn

In the labor market, demand is a description of D. the relationship between ...

  • The labor market is where demand and supply for labor interact.  In this market, workers supply their labor (time, intelligence, sweat, etc) to firms, who pay wages or salaries in exchange.

  • When firms are producing more products, they increase their labor demand.  If they are also willing to pay more for the labor, the number of workers who are willing to work at the given wage rate increases.

  • The demand for labor is not determined alone by anyone of these:

A. Workers' willingness to work

B. The quantity of labor firms are willing to hire

C. The quantity of labor which workers can provide.

Thus, the demand for labor considers option D. the quantity of labor that firms want and the wages that they are willing to pay.

Learn more about the labor market at https://brainly.com/question/24138244

Answer:

D: the relationship between the quantity of labor that firms are willing to hire and the wage that they are willing to pay.

Explanation:

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