Assume the Supply Curve of Labor Has the Usual Shape

Multiple Choice

Assume the supply curve of labor has the usual shape. If the wage rate is $10, 1,000 carpenters are willing to supply their labor. If the wage rate increases to $20, the

A) quantity supplied of labor will be more than 1,000
B) quantity supplied of labor will be less than 1,000
C) labor supply curve shifts to the right
D) labor supply curve shifts to the left
E) same amount of carpentry labor will be supplied