If an increase in technology efficiency leads to higher productivity in manufacturing, then an increase in worker demand is similar to what effect on the demand for a good when its price decreases?

When technology improves in manufacturing, it allows workers to produce more goods in less time, which makes the company more productive. As a result, companies may need to hire more workers to keep up with the increased production, leading to higher demand for labor. This situation is similar to what happens when the price of a good decreases; when a product becomes cheaper, more people want to buy it, so the demand for that good increases. For example, if the price of a popular toy drops, more parents will buy it for their children, just like how companies want to hire more workers when they can produce more efficiently. In both cases, lower costs—whether through technology or price reductions—lead to an increase in demand, whether for labor or goods.