Multiple Choice
The market supply curve of labor
A) slopes downward, indicating that as the wage rate falls, the quantity supplied of labor rises.
B) slopes upward, indicating that as the wage rate rises, the quantity supplied of labor rises.
C) is vertical, indicating that the quantity supplied of labor is independent of the wage rate.
D) slopes upward, indicating that as the wage rate falls, the quantity supplied of labor rises.
Correct Answer:
Verified
Correct Answer:
Verified
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