To restore equilibrium, an increase in labour demand must be met with a rightwards shift in the labour supply curve.

Name: To restore equilibrium, an increase in labour demand must be met with a rightwards shift in the labour supply curve.
Brand: Quizplus
Rating: 4.8 (61 reviews)

Question

Quizplus · Accepted Answer

To restore equilibrium, an increase in labour demand would typically be met with an upward movement along the supply curve, indicating higher wages, rather than a rightward shift, which would imply an increase in the quantity of labor supplied at all wage levels.

To Restore Equilibrium, an Increase in Labour Demand Must Be