If payroll taxes are increased,there will be a

Name: If payroll taxes are increased,there will be a
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Question

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Payroll taxes increase the cost of hiring workers, reducing the net wage or take-home pay received by workers. This reduces the incentive for workers to supply labor or the quantity of labor they are willing to offer at each wage rate, leading to a leftward shift of the labor supply curve. As a result, the equilibrium wage rate will increase and the equilibrium quantity of labor hired will decrease.

If Payroll Taxes Are Increased,there Will Be a