For which of the following is the supply curve of labor likely to be the most inelastic?
A)All industries in the economy
B)A single industry
C)An individual firm
D)A monopolist

Question

Quizplus · Accepted Answer

The supply curve of labor is most inelastic for all industries in the economy because the total labor supply is fixed in the short run, and workers cannot easily switch between different types of jobs or industries.

For Which of the Following Is the Supply Curve of Labor