​Figure 53

Multiple Choice

​Figure 5.3. The figure shows the wage rate and the quantity of labor supplied in an unskilled labor market.
-The less responsive consumers are to a change in the price of a product, _____.

A) the more price-elastic is the supply curve
B) the more income-inelastic is the demand curve
C) the more price-inelastic is the demand curve
D) the more income-elastic is the supply curve
E) the more price-elastic is the demand curve