For low wages,the labour supply curve slopes ______; for higher wages it slopes ______.
A) Upward; downward
B) Downward; upward
C) Downward; downward
D) Upward; upward

Question

Quizplus · Accepted Answer

For low wages, the labor supply curve slopes upward because as wages increase, more people are willing to work. For higher wages, it slopes downward as individuals may choose to work less, valuing leisure time more.

For Low Wages,the Labour Supply Curve Slopes ______; for Higher