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What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
Which statements best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
Which best explains the purpose of a demand schedule?
To show the level of demand at various prices.
Best explains the purpose of a demand schedule?
To show the level of demand at various prices
What Importance f law of demand?
It helps to Determination of price. The study of law of demand is useful for a trader to fix the price of a commodity. And also law of demand explains consumer choice behavior when the price changes.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
Which statements best explains the law of demand?
As the price of a good decreases, the amount that consumers are willing to purchase increases.
Best explains the purpose of a demand schedule?
To show the level of demand at various prices
Which best explains the purpose of a demand schedule?
To show the level of demand at various prices.
What Importance f law of demand?
It helps to Determination of price. The study of law of demand is useful for a trader to fix the price of a commodity. And also law of demand explains consumer choice behavior when the price changes.
What are the economic concepts that explains the law of demand?
substitution diminishing marginual utility income
What is a demand letter in law?
A demand letter is a letter from a potential plaintiff directed to the person they are considering suing. It usually explains that they are about to sue, why, and what they want in order to not sue.
What best explains the American colonization of the West?
the demand for land and a new life for early settlers
What best explains why the level of wages are largely determined by the law of supply and demand?
People looking for jobs constitute the supply of labor. Firms looking for employees constitute the demand for labor. Clearly then if there is a large supply of labor available and not much demand, wages will be low. If there is a large demand for labor and a small supply, wages will be high.
What best explains how a recovery period leads to a boom?
An increase in consumer demand resulting from a reduction in prices.
Which best explains how a recovery period can lead to a boom?
An increase in consumer demand resulting from a reduction in prices
What law explains why the moon orbits the sun?
the law of sun explains it
