What does the labour supply curve reflect

Question

Quizplus · Accepted Answer

The labour supply curve reflects the labour-leisure tradeoff, which means how workers' respond to a change in the wage. It shows the relationship between the quantity of labour supplied by workers and the wage rate. As the wage rate increases, the opportunity cost of leisure increases, and therefore, workers are willing to supply more labour. As the wage rate decreases, the opportunity cost of leisure decreases, and workers are willing to supply less labour.

What Does the Labour Supply Curve Reflect