A leftward shift in the labor supply curve might result from:
A)people valuing leisure more highly.
B)people having less wealth.
C)increasing work opportunities for women and minorities.
D)an increase in the population.

Question

Quizplus · Accepted Answer

A leftward shift in the labor supply curve indicates a decrease in the quantity of labor supplied at any given wage. This can happen if people start valuing their leisure time more highly, as they would then choose to work fewer hours or not at all, preferring leisure activities instead.

A Leftward Shift in the Labor Supply Curve Might Result