Which of the Following Statements Is True About the Market

question 183

Multiple Choice

Which of the following statements is true about the market and individual firm's supply curve for labor?

• A) The market supply curve is perfectly elastic and the individual firm's supply curve is perfectly inelastic.
• B) The market supply curve is perfectly inelastic and the individual firm's supply curve is perfectly elastic.
• C) The market supply curve is more elastic than the firm's supply curve.
• D) The market supply curve is more inelastic than the firm's supply curve.

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Definitions:

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