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Demand for Labor in Perfect Competition
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Problem 10
Demand for Labor in Perfect Competition
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15. Markets for the Factors of Production / Demand for Labor in Perfect Competition / Problem 7
Problem 7
What is the relationship between the demand for a product and the demand for labor in its production?
A
The demand for labor decreases as the demand for the product increases.
B
The demand for labor remains constant regardless of the product demand.
C
The demand for labor increases as the demand for the product increases.
D
The demand for labor is inversely related to the product demand.
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