Use the accompanying table, which shows the supply and demand schedules for workers in the country of Hovian, to answer the questions that follow.

-The supply schedule indicates that the labor supply curve is:
A) constant.
B) upward-sloping.
C) downward-sloping.
D) vertical.
E) horizontal.

Question

Use the accompanying table, which shows the supply and demand schedules for workers in the country of Hovian, to answer the questions that follow.
 
-The supply schedule indicates that the labor supply curve is:
A) constant. 
B) upward-sloping. 
C) downward-sloping. 
D) vertical. 
E) horizontal.

Quizplus · Accepted Answer

The supply schedule shows that as the wage rate increases, the quantity of workers supplied increases as well. This indicates an upward-sloping labor supply curve.

Use the Accompanying Table, Which Shows the Supply and Demand