Understanding Shifts in Labor Supply and Labor Demand


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question 1 of 3

Labor supply is the total hours that workers or employees are willing to work at a given _____.

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1. Which of the following factors does NOT cause a shift in the overall labor supply?

2. What is the total number of worker hours that firms are willing to incur at given wage levels?

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About This Quiz & Worksheet

This quiz and corresponding worksheet will help you gauge your comprehension of labor supply and labor demand shifts. To pass the quiz you'll need to understand the labor supply and the factors that shift the overall labor supply.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • Definition of labor supply
  • Total number of hours that firms are willing to incur at specific wages
  • How the supply curve for labor will shift
  • Meaning of a shift to the right for the demand for labor

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Interpreting information - verify you can read information regarding how the supply curve for labor will shift and interpret it correctly
  • Problem solving - use acquired knowledge to solve deductive labor supply and demand problems
  • Reading comprehension - ensure that you draw the most important information from the related labor supply and demand lesson

Additional Learning

To learn more review the corresponding lesson called Understanding Shifts in Labor Supply and Labor Demand: This lesson will help you:

  • Understand what labor supply is
  • Describe the factors that shift labor supply
  • Identify the characteristics of labor demand
  • Explain the relationship between labor supply and demand
  • Know why labor demand and supply shifts to the right or left