For low wages,the labor supply curve slopes ______; for higher wages it slopes ______.
A) upward; downward
B) downward; upward
C) downward; downward
D) upward; upward

Question

Quizplus · Accepted Answer

For low wages, the labor supply curve slopes upward because as wages increase, more people are willing to work. For higher wages, it slopes downward as individuals may choose more leisure time over additional income.

For Low Wages,the Labor Supply Curve Slopes ______; for Higher