-Refer to Figure 15.2. An increase in wages is represented by a movement from point ________ to point ________.
A) c; d
B) c; b
C) a; b
D) e; a

Question

-Refer to Figure 15.2. An increase in wages is represented by a movement from point ________ to point ________.
A) c; d 
B) c; b 
C) a; b 
D) e; a

Quizplus · Accepted Answer

An increase in wages typically shifts the labor supply curve to the left or upwards, indicating that at each wage level, workers are willing to supply less labor (or demand higher wages for the same amount of labor). This is represented by a movement from a lower point on a given labor supply curve to a higher point on the same curve, such as moving from point c to point b, assuming the typical upward slope of the labor supply curve in response to higher wages.