"Police persons are finding more lucrative and diverse alternative careers in the private sector" If this statement is true, then the supply curve of labor to policing will likely shift ________ and become ________ steep. Select the best pair of answers.

Question

Quizplus · Accepted Answer

The statement indicates that police officers are finding more lucrative and diverse alternative careers in the private sector. This means that the opportunity cost of working as a police officer has increased, which will lead to a decrease in the supply of labor to policing. As a result, the supply curve of labor to policing will shift up and become less steep.

"Police Persons Are Finding More Lucrative and Diverse Alternative Careers