Discuss two factors that would increase demand for laborif, Ask an Expert

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Discuss two factors that would increase demand for labor.

If the market price of the good or service that a firm produces increases, what happen to the demand of labor? Explain.

Suppose that some government-sanctioned licensing requirements are lifted (removed) in a particular industry. What would happen to the wage in this market? Explain.

Do some research on your own. In general, do you think the government should intervene in the labor market? (Be sure to cite your references.)

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