Which of the following events would lead to an increase in the supply of labor?
A)The price of a firm's product increases.
B)A country experiences an increase in immigrant labor.
C)The development of a new labor-augmenting technology.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

An increase in immigrant labor would lead to an increase in the supply of labor as there would be more workers available for employment. An increase in the price of a firm's product or the development of a new labor-augmenting technology would not necessarily lead to an increase in the supply of labor.

Which of the Following Events Would Lead to an Increase