Figure 18-5
-Refer to Figure 18-5. Which of the following would shift the labor supply curve from S₂to S₁?

Question

Figure 18-5 -Refer to Figure 18-5. Which of the following would shift the labor supply curve from S₂to S₁?

Quizplus · Accepted Answer

A shift in the labor supply curve from SS1 to SS1 could be caused by a change in workers' attitudes toward the work-leisure tradeoff in favor of leisure. This would mean that workers are now more inclined to value their leisure time over work, leading to a decrease in the supply of labor at any given wage rate.

Figure 18-5 -Refer to Figure 18-5. Which of the Following Would Shift