Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
It shifts to the right
B
It shifts to the left
C
It remains unchanged
D
It becomes vertical
Understanding the Answer
Let's break down why this is correct
Answer
When the number of qualified workers in a market increases, the labor supply curve shifts to the right. This means that more people are available and willing to work at each wage level. As a result, employers can find workers more easily, which can lead to a decrease in the wages they offer, since there is more competition among workers for jobs. For example, if a new training program helps more people become qualified nurses, hospitals may have a larger pool of applicants. This increased supply of nurses can lead to lower wages in that job market, as hospitals can choose from many qualified candidates.
Detailed Explanation
When more qualified workers enter the market, there are more people available for jobs. Other options are incorrect because Some might think that fewer workers means less supply; It might seem like the number of workers doesn't change the curve.
Key Concepts
labor supply
Topic
Demand and Supply in Labor Markets
Difficulty
easy level question
Cognitive Level
understand
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