If the supply of labor in a purely competitive labor market increases,the labor:
A) supply curve for a single employer will shift downward.
B) supply curve for a single employer will shift upward.
C) demand curve for a single employer will shift upward.
D) demand curve for a single employer will shift downward.

Question

Quizplus · Accepted Answer

In a purely competitive labor market, an increase in the supply of labor means that more workers are available at each wage rate, which shifts the labor supply curve for a single employer downward, indicating that the employer can hire more workers at a lower wage.

If the Supply of Labor in a Purely Competitive Labor