The figure below shows the supply curve for labor.Figure 16.1

-As the wage rate increases, the quantity of labor supplied by an individual worker will:

Question

The figure below shows the supply curve for labor.Figure 16.1
 
-As the wage rate increases, the quantity of labor supplied by an individual worker will:

Quizplus · Accepted Answer

The supply curve for labor slopes upward, indicating that at lower wage rates, individuals are willing and able to supply a smaller quantity of labor than at higher wage rates. Therefore, as the wage rate increases, the quantity of labor supplied by an individual worker will first increase due to the higher opportunity cost of not working, but eventually decrease as workers reach their desired level of leisure and find it less attractive to work additional hours. Thus, the correct choice is C, "first increase and then decrease."

The Figure Below Shows the Supply Curve for Labor