In a competitive labor market for housepainters, which of the following would increase the demand for housepainters?
A.
An effective minimum wage imposed on this labor market
B.
An increase in the price of gallons of paint
C.
An increase in the construction of new houses
D.
An increase in the price of mechanical painters so long as the output effect exceeds the substitution effect
E.
An increase in home mortgage interest rates
Exam No： AP Micro Practice Test 4 Year：2024 Question No：47
Answer:
C
Knowledge points:
2.1 Demand
5.1 Introduction to Factor Markets
5.2 Changes in Factor Demand and Factor Supply
Solution:
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