Ask Question
BusinessBusiness
2 May, 19:06

What impact will a spike in wages cause to the

labor demand curve?

+5
Answers (1)
  1. 2 May, 19:31
    0
    When the wages of the laborers increase the cost to the company increases so the company tries reduce the in take of the labors. When the intake is reduced the demand for the labor falls down. When there is a low demand then the demand curve will shift to left in the graph.

    When the wages are low then the firms would intake many employees as labor is cheap in the market. This would increase the demand for labor and the demand curve would shift to right.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What impact will a spike in wages cause to the labor demand curve? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In a department, 28,000 units are completed and transferred out and 14,400 remain in ending WIP at 85% complete. If an equivalent unit costs $8.00 for direct materials, what is the value of materials transferred out?
Answers (1)
Tori's checking account charges a $10.75 monthly service fee and a $0.14 per-check fee. If Tori writes 19 checks per month, should she switch to a checking account that charges a $13.50 monthly service fee and no per-check fee?
Answers (2)
Which job requires a college degree? A. geochemist B. farm laborer C. machine operator D. brick mason
Answers (1)
Which state actually generates funding for itself through money laundering, heroine smuggling, and counterfeiting currencies?
Answers (1)
Miranda and Jason are in the tutoring business. Miranda is willing to tutor as long as she gets $20, while Jason will not tutor unless he gets $35.
Answers (1)
New Questions in Business
Which of the following statements is most consistent with efficient inventory management? The firm has a: a. low incidence of production schedule disruptions. b. below average total assets turnover ratio. c. relatively high current ratio.
Answers (1)
Units to be Assigned Costs Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet.
Answers (1)
Select all the correct answers Amber is writing to an accountant that she would like to interview to gain information about the career field. What information should she include in her letter? A.
Answers (2)
What is the acid-test ratio for a merchant with the following account balances? (Round your answer to two decimal places.
Answers (2)
When the market fails to adjust for the full costs of a firm's behavior, this is called?
Answers (1)
Home » Business » What impact will a spike in wages cause to the labor demand curve?
Sign Up Forgot Password?