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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
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.
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kingbykingby
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#1
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Posts: 3218
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7 years ago
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#2
7 years ago
I figured, great answer
wrote...
#3
7 years ago
Yup, vote with confidence!
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