A fad shifts the demand curve for a toy to the right. When the fad ends, the demand curve will shift back to the left. How are these shifts likely to affect the toy manufacturer's demand for labor?

Question

06-05-2022
Business

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A fad shifts the demand curve for a toy to the right. When the fad ends, the demand curve will shift back to the left. How are these shifts likely to affect the toy manufacturer's demand for labor?

Sagot :

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VidyaaTech2022 VidyaaTech2022 · Answer 1 · 2022-05-12T03:33:12-04:00

The shifts in the demand curve directly affect the demand for labor for the toy manufacturer which means the rightward shift in the demand curve requires more labor whereas the leftward shift requires less labor.

What do you mean by labor?

Labor also called human labor is the workforce who are engaged in the production of a product. The requirements of the labor totally depend on the demand for the product.

When the demand curve shifts toward the right that means the demand for the toys getting increases which leads to more requirements for human labor and when the demand curve moves towards the left, this means a decrease in demand for toys which results in lesser requirements for human labor. This shows a direct effect on the manufacturer of toys regarding the demand for labor.

Therefore, the changing of shifts will affect the manufacturer's demand for labor in a direct manner.

Learn more about the demand curve in the related link:

https://brainly.com/question/1915798

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Sagot :

What do you mean by labor?

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