Question

Working Age Population Which of the following will occur in with a decrease in the working age population? A. Labor demand will shift right, increasing the equilibrium wage and increasing equilibrium employment. B. Labor demand will shift left, decreasing the equilibrium wage and decreasing equilibrium employment. C. Labor supply will shift right, decreasing the equilibrium wage and increasing equilibrium employment. D. Labor supply will shift left, increasing the equilibrium wage and decreasing equilibrium employment.

Answer 1

The answer is letter D.

Step-by-step explanation:

Labor supply will shift left, increasing the equilibrium wage and decreasing equilibrium employment.