A leftward shift in the labor supply curve would result if:
A) people value leisure less highly.
B) people have less nonlabor income.
C) transit costs to and from work decline.
D) the population decreases.

Question

Quizplus · Accepted Answer

A leftward shift in the labor supply curve indicates a decrease in the quantity of labor supplied at any given wage. This can happen if the population decreases (D), as there would be fewer people available to work. Choices A, B, and C would likely cause a rightward shift in the labor supply curve, indicating an increase in the quantity of labor supplied at any given wage.

A Leftward Shift in the Labor Supply Curve Would Result