For an upward-sloping labor supply curve,the quantity of labor supplied varies directly,ceteris paribus,with
A)The wage rate.
B)The value of leisure time.
C)Payroll taxes.
D)The derived demand for labor.

Question

Quizplus · Accepted Answer

An upward-sloping labor supply curve means that as the wage rate increases, the quantity of labor supplied increases as well, while holding all other factors constant (ceteris paribus). This relationship indicates a positive direct correlation between the wage rate and quantity of labor supplied.

For an Upward-Sloping Labor Supply Curve,the Quantity of Labor Supplied