The market supply curve for any particular category of labor is
A)likely to be backward-bending.
B)likely to be upward sloping.
C)equal to the horizontal summation of the VMPL curves for that category of labor.
D)steeper than the horizontal summation of the VMPL curves for that category of labor.

Question

Quizplus · Accepted Answer

The market supply curve for a particular category of labor is typically upward sloping because as wages increase, more individuals are willing to work or existing workers are willing to offer more hours of labor, reflecting the positive relationship between wage rates and the quantity of labor supplied.

The Market Supply Curve for Any Particular Category of Labor