An Individual's Labour Supply Curve Might Shift to the Right

question 79

Multiple Choice

An individual's labour supply curve might shift to the right because

• A)an increase in the future real wage leads to a decrease in the amount of labour supplied.
• B)a decrease in wealth leads to an increase in the amount of labour supplied.
• C)a decrease in the future real wage leads to a decrease in the amount of labour supplied.
• D)an increase in wealth leads to a decrease in the amount of labour supplied.

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Definitions:

Retailers

Businesses that sell goods or commodities directly to consumers, typically in small quantities.

Wholesalers

Businesses that buy goods in large quantities from manufacturers and then sell them in smaller amounts to retailers or other businesses.

Foreseeable Plaintiffs

Individuals who could be reasonably expected to be affected by the defendant's actions or negligence and therefore may have grounds to sue.

Product Liability

Product liability refers to the legal responsibility of manufacturers and sellers for injuries caused by defective or dangerous products.