An upward-sloping labor supply curve implies that Group of answer choices a firm can always hire more workers, even without incr

Question

4 years ago

12

An upward-sloping labor supply curve implies that Group of answer choices a firm can always hire more workers, even without incr

easing the wage. more workers are willing work when wages are low. more workers are willing to work as the market wage increases. there is a continuously increasing demand for labor. the labor supply is fixed.

Business

1 answer:

Crank · Answer 1 · 2021-12-06T18:38:04+03:00

Answer:

more workers are willing to work as the market wage increases.

Explanation:

IF the labour supply curve is upward sloping, its that means there is a positive relationship between wages and labour supply. The higher the wages, the higher the number of workers willing to work. The lower the wages, the lower the number of workers willing to work

Please check the attached image for a upward sloping labour supply curve