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Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will

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User Igglyboo
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1 Answer

4 votes

Answer: decrease

Step-by-step explanation:

Demand is the amount of product or service that a economic entity wants to buy at a certain price at a particular time period.

When the world price of steel falls substantially, the demand for labor among steel-producing firms in Pennsylvania will reduce. This is because as price reduces, producers will want to supply less steel thereby demand for labor will reduce.

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User Shadowspawn
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