The demand for labour in response to the wage rate is ______ whereas the demand for same labour in response to the price of electronic goods where…
CA Foundation · Business Economics · MTP · September 2024
The demand for labour in response to the wage rate is ______ whereas the demand for same labour in response to the price of electronic goods where labour enters as an input is ______
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Direct demand, Derived demand
Topics: Theory of Production and Cost