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What Does an Upward- Sloping Labor Supply Curve Mean

Question 72

Multiple Choice

What does an upward- sloping labor supply curve mean?


A) Workers choose to work less when wages are high.
B) An increase in the wage leads to an increase in the quantity of labor supplied.
C) An increase in wages causes a large income effect.
D) A higher wage rate results in a higher income for all workers.

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