CAIE IGCSE Economics 3.5.1 Demand for Factors of Production Questions
Practise Cambridge IGCSE Economics by analysing derived factor demand and influences on firms’ use of labour and capital.
- Syllabus
- 2027–2029
- Course
- Economics 0455
Exam points
- Explain derived demand for labour and other factors of production.
- Identify influences on a firm’s demand for labour and capital.
- Analyse how product demand, wages, productivity and technology affect factor demand.
CAIE IGCSE Economics 3.5.1 Demand for Factors of Production Questions question 1
[Maximum number: 1]
What is most likely to increase the demand for labour in an industry?
A
a decrease in the price of capital used by the industry
B
a decrease in the productivity of labour in the industry
C
an increase in the demand for the industry's product
D
an increase in the wage paid to labour in the industry
C
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