Question

Which statement describes how the labor market would change when workers are incentivized to provide their services, such as by improving working conditions?(1 point)
Responses

This would lead to a shift to the left in the market supply curve for labor.
This would lead to a shift to the left in the market supply curve for labor.

This would lead to a shift to the left in the market demand curve for labor.
This would lead to a shift to the left in the market demand curve for labor.

This would lead to a decreased quantity of labor in the labor market.
This would lead to a decreased quantity of labor in the labor market.

This would lead to decreased wages in the labor mark

Answer 1

This would lead to decreased wages in the labor market.