Purchase Solution

Supply and Demand

Not what you're looking for?

Ask Custom Question

Describe two factors that affect labor supply and two factors that affect labor demand. Using economic principles, describe how changes in the labor market have affected you or someone you know.

Purchase this Solution

Solution Summary

The solution goes into a great amount of detail about the questions being asked. The responses are excellent and very well written. Overall, a great response.

Solution Preview

Please find my response below. I have done my best to answer your questions to the best of my ability.

Two factors that affect labor supply include the following:

1. Taxes: Higher taxes lower the incentive to work, thereby lowering labor supply. Lower taxes increase the incentive to work, ...

Purchase this Solution


Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Learning Lean

This quiz will help you understand the basic concepts of Lean.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.