Figure 10-3
-Refer to Figure 10-3.Which of the panels in the diagram best represents an individual's labour supply curve?
A) Panel A
B) Panel B
C) Panel C
D) Panel D

Question

Figure 10-3 
-Refer to Figure 10-3.Which of the panels in the diagram best represents an individual's labour supply curve?
A) Panel A 
B) Panel B 
C) Panel C 
D) Panel D

Quizplus · Accepted Answer

Panel A represents the relationship between wage rate and the quantity of labour supplied by an individual. It shows that as the wage rate increases, the quantity of labour supplied also increases, indicating a positive relationship.

Figure 10-3 -Refer to Figure 10-3.Which of the Panels in the Diagram