Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Change in consumer preferences
B
Increase in minimum wage
C
Technological advancements
D
Decrease in population
Understanding the Answer
Let's break down why this is correct
Answer
One primary reason that can cause a shift in the labor demand curve is changes in technology. When new technology is introduced, it can make certain jobs easier or even replace some workers with machines. For example, if a factory starts using robots to assemble products, it may need fewer workers for that task. As a result, the demand for labor in that factory decreases, shifting the labor demand curve to the left. This shift means there are fewer job opportunities for workers in that specific area, affecting the overall labor market.
Detailed Explanation
When new technology is created, it can change how work is done. Other options are incorrect because Some might think that what people like affects job demand; Many believe that raising the minimum wage directly increases job demand.
Key Concepts
labor market
Topic
Understanding Labor Demand Shifts
Difficulty
easy level question
Cognitive Level
understand
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