Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
D → B → C → A
B
B → A → D → C
C
A → C → D → B
D
C → A → B → D
Understanding the Answer
Let's break down why this is correct
Answer
When wages increase, it can change how many workers employers are willing to hire. First, higher wages lead to a decrease in labor demand because employers may not want to pay more for the same work, so they might reduce the number of jobs offered. At the same time, higher wages attract more job seekers, as more people are interested in applying for jobs that pay better. This means that while workers supply more labor because of the higher wages, the overall number of jobs available may actually go down. For example, if a company raises its starting salary but faces higher costs, it might decide to hire fewer employees to keep expenses manageable.
Detailed Explanation
When wages go up, more people want to apply for jobs. Other options are incorrect because This suggests that workers supply more labor first, which is not true; This order implies that employers reduce jobs before anything else happens.
Key Concepts
Labor Demand Dynamics
Wage-Employment Relationship
Market Equilibrium
Topic
Labor Demand Dynamics
Difficulty
medium level question
Cognitive Level
understand
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