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Changes in the prices of other inputs cause the demand curve

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Reference no: EM132291136

Please elaborate.

[1] How could technological change and changes in the prices of other inputs cause the demand curve for labor to shift to the left?

[2] What is a derived demand and why is an individual firm's demand for labor considered to be a derived demand?

[3] Why might an economy be attracted to protectionism when it is slipping into a deep recession?

[4] Why would you expect protectionist policies to benefit businesses or organized labor more than consumers?

Reference no: EM132291136

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