Although in most cases the price elasticity of labor supply is ________ , for some individuals it may be ________ .
A) negative; zero
B) negative; positive
C) positive; negative
D) zero; negative

Question

Quizplus · Accepted Answer

The price elasticity of labor supply is typically positive, meaning that as wages increase, individuals are willing to supply more labor. However, for some individuals, it may be negative, indicating that an increase in wages could lead them to work less, perhaps because they value leisure more at higher income levels.

Although in Most Cases the Price Elasticity of Labor Supply