The market labor demand for specific type of labor

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Reference no: EM131242447

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 of 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.

Reference no: EM131242447

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