Card 1 of 26
Why is labour demand described as a derived demand?
A
Labour demand comes directly from firms’ demand for machinery and capital.
B
Labour demand comes from demand for the goods workers help produce.
C
Labour demand comes directly from workers’ willingness to supply their labour.
D
Labour demand comes from the government setting the market wage rate.
Card 1 of 26
3.5.1 Demand for labour Flashcards
26 flashcards on Edexcel A A Level Economics 3.5.1 Demand for labour: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.