Which of the following shift the supply of labor curve leftward?
i.an advancement in technology
ii.a decrease in the price of the product that the labor produces
iii.a decrease in the adult population
A) i and ii
B) ii and iii
C) ii only
D) iii only
E) i, ii, and iii

Question

Quizplus · Accepted Answer

A decrease in the adult population would decrease the supply of labor, shifting the curve leftward. An advancement in technology and a decrease in the price of the product that the labor produces would both increase the demand for labor, but they would not directly affect the supply curve.

Which of the Following Shift the Supply of Labor Curve