Labor supply is the relationship between
A) wages and willingness to hire workers.
B) price of output and amount of output for sale.
C) price of capital and amount of capital for sale.
D) wages and willingness to work.
E) wages and amount of output for sale.

Question

Quizplus · Accepted Answer

Labor supply refers to the amount of work that workers are willing and able to provide at different wage levels. Therefore, the relationship being explored is between wages (a measure of compensation) and workers' willingness to work. Thus, the correct choice is D.

Labor Supply Is the Relationship Between