Questions are based on the following diagram, which shows a labor supply curve for an individual.

-If this person were now willing to supply only H₁ hours of work at W₃,we could conclude that:

Question

Questions are based on the following diagram, which shows a labor supply curve for an individual. -If this person were now willing to supply only H₁ hours of work at W₃,we could conclude that:

Quizplus · Accepted Answer

The person's willingness to supply less labor (H₁ instead of the original quantity) at the same wage rate (W₃) indicates a decrease in the amount of labor supplied. This means that the labor supply curve has shifted to the left. Therefore, option B is the correct answer. Option A is incorrect because if the labor supply curve shifted to the right, the person would be willing to supply more labor. Option C is unrelated and not applicable to the given scenario. Option D is also incorrect because it does not provide any relevant information about the changes in the labor supply curve.

Questions Are Based on the Following Diagram, Which Shows a Labor