Name some factors that can cause a shift in the demand curve in labor markets. Explain

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Kenneth Patterson

19 May, 19:42

Name some factors that can cause a shift in the demand curve in labor markets. Explain

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Miya · Answer 1

The factors that can cause a shift in the demand curve in labor markets are

A change or increase in the quantity demand of the product that the labor produces. A change in the production process that uses more or less labours.

Explanation:

One of the major factor that can have a huge impact and raise the demand of the labour in the markets is that the raise or increase in the need of the product produced by the labour.

Higher the need or demand for the product, Higher is its rate and quantity of production. Similarly, an increase or decrease in the number of labour used also has an impact in shifting the demand curve in the labour markets.