Parliament has just passed a law eliminating all mandatory retirement in Canada.How would you expect this to affect the nation's labour supply curve?
A)The labour supply curve would shift to the right.
B)The labour supply curve would shift to the left.
C)The labour supply curve would be unaffected.
D)The labour demand curve would shift to the right.

Question

Quizplus · Accepted Answer

Eliminating mandatory retirement means that people can choose to work longer, increasing the number of people willing to work and therefore shifting the labour supply curve to the right.

Parliament Has Just Passed a Law Eliminating All Mandatory Retirement