A decrease in labor costs will cause aggregate;
- Supply to decrease and Demand to decrease
Labour cost demand and Supply
Markets for labor have demand and supply curves, just like markets for goods.
The conventional law of supply functions in labor markets, too, this function is as follows;
- A higher price for labor leads to a higher quantity of labor supplied;
- A lower price leads to a lower quantity supplied.
Read more on labour cost;
https://brainly.com/question/25116768
