Labour market GapFill

The demand for labour is said to be  constant critical downward slopingderived ; this means that labour is not   demanded commissioned supplied rewarded for its own sake but for the goods and services that labour  demandsproduces usesneeds. Therefore, if the demand for the product that labour produces is  unitaryinelasticelastic perfectly elastic, then the demand curve for labour will be elastic. The demand for labour is  linearlyupwarddownwardpositively sloping, showing that more labour is demanded at a lower   boundaryprofitwagecost than at a higher wage. The individual supply curve for labour is   negativelinearupwarddownward or has a backward bending slope. In a competitive labour market, the   commissionwage rateprofitcost is determined by the interaction of demand and supply.   RiseLawElasticityDeterminants of demand is quite important in influencing the demand curve for labour which will then influence workers'  demandwage ratebargainingsupply power.