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

Name: If the elasticity of labor supply is negative, the labor supply curve would be A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

A negative elasticity of labor supply implies that as wages increase, the quantity of labor supplied decreases, which is represented by a downward sloping curve.

If the Elasticity of Labor Supply Is Negative, the Labor