If a country's working-age population increases and its wealth increases,then the labor supply curve
A)shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
B)shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population.
C)shifts to the left.
D)shifts to the right.

Question

Quizplus · Accepted Answer

If the increase in wealth reduces the need for individuals to work more than the increase in working-age population increases the labor supply, the labor supply curve will shift to the left.

If a Country's Working-Age Population Increases and Its Wealth Increases,then