If the supply curve of labor shifts to the left, we know for certain that

Name: If the supply curve of labor shifts to the left, we know for certain that
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

A leftward shift in the supply curve of labor indicates that at each wage rate, fewer workers are willing to work, necessitating a higher wage to attract the same number of workers as before the shift. This does not necessarily imply changes in technology, MRP, or the ability to hire any quantity of workers at the same wage.

If the Supply Curve of Labor Shifts to the Left