An individual's labour supply curve might shift to the right because
A)an increase in the future real wage leads to a decrease in the amount of labour supplied.
B)a decrease in wealth leads to an increase in the amount of labour supplied.
C)a decrease in the future real wage leads to a decrease in the amount of labour supplied.
D)an increase in wealth leads to a decrease in the amount of labour supplied.

Question

Quizplus · Accepted Answer

If an individual's wealth decreases, they may need to work more in order to maintain their standard of living. This would cause their labour supply curve to shift to the right.

An Individual's Labour Supply Curve Might Shift to the Right