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24 October, 07:37

Which of the following would shift a market labor supply curve to the left?

A. a decrease in the price of output

B. an increase in the price of output

C. a labor-augmenting technological change

D. better employment opportunities in a closely-related job

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  1. 24 October, 08:04
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    Answer: Option (D) is correct.

    Explanation:

    Correct option: Better employment opportunities in a closely-related job.

    There is a shift in the market supply curve if there is any changes in the employment opportunities in a closely related to the job. Suppose there are more employment opportunities in a closely related field in the economy as a result market labor supply curve shifts leftward.

    Alternatively, if there is a contraction of employment opportunities then this will results in a rightward shift of the market labor supply curve.
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