If the opportunity cost of working outside the home decreases,then ________ the labor supply curve is likely,assuming all else equal.

Question

Quizplus · Accepted Answer

If the opportunity cost of working outside the home decreases, it becomes more attractive to work outside the home and people are more likely to supply labor. This leads to an increase in the quantity of labor supplied at all wage levels. Therefore, the labor supply curve shifts to the right.

If the Opportunity Cost of Working Outside the Home Decreases,then