if-the-price-of-a-product-increases-what-is-the-likely-effect-on-the-demand-for-

Question

If the price of a product increases, what is the likely effect on the demand for labor in the production of that product?

Accepted Answer

The demand for labor will increase.

Answer

The demand for labor will decrease.

Answer

The demand for labor will fluctuate unpredictably.

Answer

The demand for labor will remain unchanged.