If the elasticity of labor supply is positive, the labor-supply curve would be
A) horizontal.
B) vertical.
C) downward sloping.
D) upward sloping.

Name: If the elasticity of labor supply is positive, the labor-supply curve would be A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
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Question

Quizplus · Accepted Answer

A positive elasticity of labor supply indicates that as wages increase, the quantity of labor supplied also increases, resulting in an upward sloping labor-supply curve.

If the Elasticity of Labor Supply Is Positive, the Labor-Supply