menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 8
  4. Exam
    Exam 12: The Markets for Labour and Other Factors of Production
  5. Question
    How Will an Increase in Population Affect the Labour Market
Solved

How Will an Increase in Population Affect the Labour Market

Question 73

Question 73

Multiple Choice

How will an increase in population affect the labour market?


A) It will shift the market supply curve.
B) It will cause a decrease in the quantity of labour demanded.
C) It will increase the supply of jobs.
D) It will increase the opportunity cost of leisure.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: What is a compensating differential?

Q68: Because leisure is a normal good, an

Q69: In order for a labour supply curve

Q71: Figure 12.3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Figure 12.3

Q72: What is the combined effect (both income

Q75: An increase in wages raises the opportunity

Q76: The demand for labour depends primarily on

Q77: Table 12.2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1015/.jpg" alt="Table 12.2

Q78: Why is the demand for labour different

Q245: A commission system of compensation reduces the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines