The shift to D1 causes the wages to rise from $10 to $20 and the quantity of labor demanded to rise from 20 to 30.
The labor demand curve illustrates how many employees businesses are prepared to take on when the salary is set at a particular level. A shift to the right on the labor demand curve indicates an increase in labor demand. The curve moves to the left if demand declines.
The wage rate's effect on the demand for labor has a declining slope. The horizontal total of all company labor demands represents the labor market demand. The upward sloping supply of labor curve is a function of wage rate.
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