Economy, asked by vilenmohapatra, 8 months ago

Sometimes the supply curve of labour shifts inwards. Explain with the help of a diagram.

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Answered by urja79

5

Answer:

In summary, labor supply is the total hours that workers or employees are willing to work at a given wage rate. Changes in income, population, work-leisure preference, prices of related goods and services, and expectations about the future can all cause the labor supply to shift to the right or left.

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