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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.2
How does a shortage of labor occur in a factor market?
Increase in labor demand
Below equilibrium wage
Above equilibrium wage
No effect on labor supply
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AP Microeconomics - 5.2 Changes in Factor Demand and Factor Supply
Key terms
Factor Market
Labor
Shortage
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About Us
About Fiveable
Blog
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
Report an Issue
© 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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