If the wage rate increases,there will be a
A)Leftward shift of the labor supply curve.
B)Rightward shift of the labor supply curve.
C)Movement up the labor supply curve to the right.
D)Movement down the labor supply curve to the left.

Question

Quizplus · Accepted Answer

An increase in the wage rate would lead to an upward movement along the labor supply curve to the right, as workers are now willing and able to supply more labor at the higher wage rate. A shift in the labor supply curve occurs due to factors other than wage rate, such as changes in demographics, education, or immigration policies.

If the Wage Rate Increases,there Will Be a