If the market supply of labor increases, the total wage income will increase if the

Name: If the market supply of labor increases, the total wage income will increase if the
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When the demand for labor is elastic, an increase in the supply of labor leads to a proportionally smaller decrease in wages, resulting in an increase in total wage income because the percentage increase in employment is greater than the percentage decrease in wage rate.

If the Market Supply of Labor Increases, the Total Wage