What effect will each of the following have on the market labor demand for a specific type

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What effect will each of the following have on the market labor demand for a specific type of labor?
a. An increase in product demand that increases product price.
b. A decline in the productivity of this type of labor.
c. An increase in the price of a gross substitute for labor.

d. A decline in the price of a gross complement for labor.
e. The demise of several firms that hire this labor.
f. A decline in the market wage rate for this labor.
g. A series of mergers that transforms the product market into a monopoly.

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Contemporary Labor Economics

ISBN: 978-1259290602

11th Edition

Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson

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