Question

Which factor will not shift the labor supply curve to the left? mandatory school attendance to the age of 23

Answer 1

Change in the wage rate will not shift the labor supply curve to the left.

Change in attitude towards work and leisure can shift the supply curve for labor. The more work a person does, the greater his or her income, but smaller the amount of leisure time available.

If they decide to value leisure more then they will work for few hours at each wage, and the supply curve for labor will shift to left. If they decide they want more goods and services then the supply curve will shift to the right.

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