Labour market price mechanism Simulator
Use the increase and decrease buttons to shift the demand and supply curves for labour left or right. Note the impact of the change on quantity and price at equilibrium, and that firms are now the demand curve. Demand for labour is said to be a derived demand as it is derived from the demand by consumers for the goods produced by the business.

Change Labour Demand

Change Labour Supply

New price for labour:

Labour quantity at equilibrium: