assume good z is produced in a competitive output market that is in long-run equilibrium. in the short run, the variable input is unskilled labor whose wage is determined in a competitive labor market. suppose there is an increase in consumer demand for good z. which of the following explains the resulting change in the labor market for unskilled workers in the short run?

Increased salaries and the employment of unskilled workers arise from the price of good Z rising and the labour demand curve moving to the right along the labour supply curve already in place.

An economics principle derived from the demand for a company's output is the labour demand for hard effort. that is, if demand for a firm's output rises, the firm will need to put up more effort, which necessitates the hiring of additional personnel. A derived demand is one for labour. This shows that it depends on the demand for the good the worker is creating. Even labour productivity, the rate of the coolest, and their overall profitability to a firm will influence the demand for workers. The marketplace for labour determines the supply and demand for labour. People and businesses both contribute to the hard work market. People provide labour to businesses in exchange for pay. Corporations demand employee effort as an alternative.

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