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An increase in the proportion of people of working age seeking employment:Group of answer choicesdecreases labour supplydecreases labour demandincreases labour supplyincreases labour demand

Question

An increase in the proportion of people of working age seeking employment:Group of answer choicesdecreases labour supplydecreases labour demandincreases labour supplyincreases labour demand

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Solution

An increase in the proportion of people of working age seeking employment:

Increases labour supply.

Explanation:

  1. The labour supply refers to the total number of people within an economy who are willing and able to work.

  2. If the proportion of people of working age seeking employment increases, it means more people are willing to work. This increases the labour supply.

  3. This does not directly affect labour demand, which is determined by employers' need for workers.

So, the correct answer is "increases labour supply."

This problem has been solved

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