The more inelastic the labor supply curve:

Question

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An inelastic labor supply curve means that the quantity of labor supplied is not very responsive to changes in the wage rate. As a result, when employers offer a higher wage to attract workers, they see little increase in the quantity of labor supplied. This means that a larger share of the wage payment goes towards economic rent, or the portion of the wage payment that exceeds the minimum amount required to attract workers to the job. Therefore, the larger the economic rent as a percentage of total wage payments.

The More Inelastic the Labor Supply Curve