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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.1
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 rises
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 falls
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AP Microeconomics - 5.1 Introduction to Factor Markets
Key terms
Factor Market
Demand for labor
Downward sloping
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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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