if-a-country-experiences-a-5-decrease-in-its-working-age-population-due-to-emigr

Question

If a country experiences a 5% decrease in its working-age population due to emigration, what is the expected impact on the labor supply curve?

Accepted Answer

The labor supply curve will shift to the left by 5%.

Answer

The labor supply curve will remain unchanged.

Answer

The labor supply curve will become more elastic.

Answer

The labor supply curve will shift to the right by 5%.