For any competitive labor market, changes that decrease the number of workers will _______ labor supply and shift the labor supply curve to the _______.

Name: For any competitive labor market, changes that decrease the number of workers will _______ labor supply and shift the labor supply curve to the _______.
Brand: Quizplus
Rating: 4.7 (53 reviews)

Question

Quizplus · Accepted Answer

Decreases in the number of workers reduce the overall labor supply, which is graphically represented by a leftward shift of the labor supply curve.

For Any Competitive Labor Market, Changes That Decrease the Number