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What Does the Labour Supply Curve Reflect

Question 148

Multiple Choice

What does the labour supply curve reflect


A) the labour-leisure tradeoff and how workers' respond to a change in the wage
B) the opportunity cost of labour and how workers' respond to a change in the quantity of labour supplied
C) the labour-leisure tradeoff and how workers' respond to the quantity of labour demanded
D) the quantity of labour firms' hire in response to changes in profitability

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