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Sagot :
The market demand curve for labor shifts to the right in response to an increase in demand for the company's product. The correct response is option (d).
Define Demand.
Demand is the term used to express a consumer's willingness and need to buy a product at a certain time or over an extended period of time. Additionally, based on their planned disposable income, customers must be able to afford the goods they need or want. Therefore, demand has an effect on market development and economic advancement.
The law of demand in economics states that consumer demand for a good rises when prices are low and falls when prices are high.
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