The market supply curve of labor is
A)upward sloping
B)perfectly inelastic
C)upward sloping at first but then bends backward
D)downward sloping
E)perfectly elastic

Name: The market supply curve of labor is A)upward sloping B)perfectly inelastic C)upward sloping at first but then bends backward D)downward sloping E)perfectly elastic
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

The market supply curve of labor is upward sloping because as the wage rate increases, more people are willing to work.

The Market Supply Curve of Labor Is