Increases in population shift the market supply curve for labour to the right.

Name: Increases in population shift the market supply curve for labour to the right.
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Question

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As the population increases, there are more potential workers available in the market, which increases the overall supply of labour. This causes the market supply curve for labour to shift to the right, indicating a higher quantity supplied at each given wage level.

Increases in Population Shift the Market Supply Curve for Labour