Asked by
Olivia Lopez
on Dec 12, 2024Verified
Which of the following would tend to decrease the demand for carpenters?
A) An increase in the wages of carpenters.
B) An increase in the price of houses.
C) A decrease in the demand for houses.
D) An increase in the supply of carpenters.
Demand for Carpenters
The market need or desire for carpentry skills and services.
Wages
Payments made to employees in exchange for their labor, typically calculated on an hourly, daily, or piecework basis.
Price of Houses
The amount of money needed to buy a residential property, which can vary widely based on location, size, and other factors.
- Analyze the factors influencing the demand for labor and other resources.
Verified Answer
MD
Learning Objectives
- Analyze the factors influencing the demand for labor and other resources.