If the demand for labor decreases and the supply of labor is unchanged, then the opportunity cost of leisure will decrease.

Name: If the demand for labor decreases and the supply of labor is unchanged, then the opportunity cost of leisure will decrease.
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When the demand for labor decreases while the supply remains unchanged, wages typically decrease. This means individuals earn less for working, making the cost of forgoing work (to enjoy leisure) lower, hence reducing the opportunity cost of leisure.

If the Demand for Labor Decreases and the Supply of Labor