A leftward shift in the labour supply curve might result from:
A) people valuing leisure more highly.
B) people having less wealth.
C) increasing work opportunities for women and minorities.
D) an increase in the population.

Question

Quizplus · Accepted Answer

When people start valuing leisure more highly, they tend to work less or reduce the number of hours spent on work-related activities. This reduces the supply of labour, resulting in a leftward shift of the labour supply curve. The other choices are less likely to cause a leftward shift in the labour supply curve. B, D and C may cause shifts in the labour supply curve but in different directions.

A Leftward Shift in the Labour Supply Curve Might Result