Multiple Choice
In an upward-sloping section of a labor supply curve,________.
A) a change in the wage rate results in the quantity of labor supplied changing in the same direction
B) a change in the wage rate results in the quantity of labor supplied changing in the opposite direction
C) a change in the wage rate does not result in any change in the quantity of labor supplied
D) the wage rate does not change as the quantity of labor supplied changes
Correct Answer:
Verified
Correct Answer:
Verified
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