The labor-supply curve depicts the quantity of _____ at alternative _____.

Question

Quizplus · Accepted Answer

The labor-supply curve shows how many workers are willing to work at different wage rates, so the correct answer is A) Labor supplied; wage rates. B) Labor demanded; wage rates is incorrect because the labor-demand curve illustrates how many workers firms are willing to hire at different wage rates, rather than the quantity of workers who are ready to work. C) Business sales; price levels is irrelevant, and D) Products supplied; price levels is incorrect because the question is about labor supply, not product supply.

The Labor-Supply Curve Depicts the Quantity of _____ at Alternative