If automobile industry needed to raise workers wages Which o

If automobile industry needed to raise workers\' wages. Which of the following is a likely result of the labor supply curve? The labor supply curve will be horizontal. The labor supply curve will be vertical. The labor supply curve will shift to the left, The labor supply curve will shift to the right. There would be no change.

Solution

(C) The Labor supply curve will shift to the left.

Explanation:- If the workers wages increases, Cost of production also increases and Labour supply tends to decrease. Therefore, Labor supply curve will shift to left. Leftward shift of supply curve denotes decrease in supply.