The labor supply curve shows how many workers are willing to work
A) in a particular industry.
B) at any given time.
C) at the minimum wage.
D) at any given wage.
E) in order to maximize the firm's profit.

Question

Quizplus · Accepted Answer

The labor supply curve shows the relationship between the wage rate and the quantity of labor that workers are willing to supply at that wage rate. It indicates how many workers are willing to work at any given wage, not just the minimum wage, at any given time, or for a particular industry's profit maximization.

The Labor Supply Curve Shows How Many Workers Are Willing