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Title: The reason an industry supply curve of labor is nearly always upward sloping is
Post by: stars_and_moon on Jul 19, 2016
The reason an industry supply curve of labor is nearly always upward sloping is
A) workers switching to a higher paying industry will more than offset any substitution effect of higher wages.
B) workers won't switch industries to get higher wages so there is no substitution effect.
C) workers switching to a higher paying industry will more than offset any income effect of higher wages.
D) workers won't switch industries to get higher wages so there is no income effect.


Title: Re: The reason an industry supply curve of labor is nearly always upward sloping is
Post by: kingby on Aug 11, 2016
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Title: Re: The reason an industry supply curve of labor is nearly always upward sloping is
Post by: stars_and_moon on Aug 17, 2016
I figured, great answer


Title: Re: The reason an industry supply curve of labor is nearly always upward sloping is
Post by: kingby on Aug 18, 2016
Yup, vote with confidence!