Suppose when you are offered $7.00 per hour to work in the campus library, you choose not to work, but when you are offered $10.00 per hour, you accept a part-time position.Your behavior can best be explained by the fact that your supply of labor curve is:
A)horizontal.
B)vertical.
C)downward-sloping.
D)upward-sloping.

Question

Quizplus · Accepted Answer

Your behavior indicates that you are willing to supply more labor (work) as the wage rate increases, which is characteristic of an upward-sloping labor supply curve.

Suppose When You Are Offered $7