The long-run demand curve for labor shows the relationship between the wage and the quantity of labor demanded over the long run, when the number of firms in the market can change and firms in the market can modify their production facilities. Although there are no diminishing returns in the long run, the market demand curve is still negatively sloped.
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- Publication Date
- Apr 30, 2013
- Language
- English
- Category
- Education & Language
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- All Rights Reserved - Standard Copyright License
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- By (author): Homework Help Classof1
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