Suppose when you are offered $8.00 per hour to work in the campus library, you choose not to work, but when you are offered $12.00 per hour, you accept a part-time position. Your behavior can best be explained by the fact that your supply of labor curve is:
A) horizontal.
B) vertical.
C) downward-sloping.
D) upward-sloping.

Question

Quizplus · Accepted Answer

Your behavior indicates that you are willing to supply more labor (work) as the wage rate increases, which is characteristic of an upward-sloping labor supply curve.

Suppose When You Are Offered $8