Give one example of something that would increase the labor supply (shift right) Give one example of something that would decrease the labor demand (shift left)

Economics Dec 14, 2020

Give one example of something that would increase the labor supply (shift right)

Give one example of something that would decrease the labor demand (shift left)

Expert Solution

ANS. Example that would increase the labor supply :- Population size in the country or state having higher population levels leads to chance of getting more labor at cheaper wage rate which increases the supply of labor or shift it to the right.

Example that would decrease the labor demand :- If their in decrease in quantity demand for the product then the company produce less it and require less labor instead of more this leads to decrease in labor demand in the economy or shift left.

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