The Figure Below Shows the Supply Curve for Labor

question 82

Multiple Choice

The figure below shows the supply curve for labor.Figure 16.1

-Why is the market supply curve of labor positively sloped though individual supply curves are backward-bending beyond a certain wage rate?

• A)People tend to work less when wage rate increases.
• B)Every individual laborer has equal trade offs between labor and leisure.
• C)People tend to substitute labor for leisure.
• D)People work more for the fear of losing their jobs and becoming unemployed.
• E)All the individual supply curves do not bend backward at one particular wage rate.

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