Refer to the information provided in Figure 14.1 below to answer the questions that follow.
Figure 14.1
-Refer to Figure 14.1.Suppose there is a decrease in the fertility rate and this causes some men and women to place a lower value on their time spent in nonmarket activities.This will cause

Question

Refer to the information provided in Figure 14.1 below to answer the questions that follow.
  Figure 14.1
-Refer to Figure 14.1.Suppose there is a decrease in the fertility rate and this causes some men and women to place a lower value on their time spent in nonmarket activities.This will cause

Quizplus · Accepted Answer

A decrease in the fertility rate leading to a lower value placed on nonmarket activities would likely increase the labor supply, causing the labor supply curve to shift to the right.

Refer to the Information Provided in Figure 14