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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.1
Unit 5 – Factor Markets
5.1 Introduction to Factor Markets
mixed difficulty
Why is the demand for labor downward sloping in the factor market?
The number of workers that businesses are willing to hire increases as the wage falls
The number of workers that businesses are willing to hire decreases as the wage rises
The number of workers that businesses are willing to hire decreases as the wage falls
The number of workers that businesses are willing to hire increases as the wage rises
Study guides (1)
AP Microeconomics - 5.1 Introduction to Factor Markets
Key terms
Factor Market
Demand for labor
Downward sloping
Guides
Glossary
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