In a competitive labour market, the demand curve for labour is derived – InterviewSolution

1.	In a competitive labour market, the demand curve for labour is derived from
Answer» Firms DEMAND labor from WORKERS in exchange for wages. The firm's demand for labor. The firm's demand for labor is a derived demand; it is derived from the demand for the firm's OUTPUT. If demand for the firm's output increases, the firm will demand more labor and will HIRE more workers.

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