Question

An upward-sloping labor supply curve implies that A) a firm can always hire more workers, even without increasing the wage. B) more workers are willing work when wages are low. C) more workers are willing to work as the market wage increases. D) the labor supply is fixed. E) there is a continuously increasing demand for labor.

Answer 1

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

Step-by-step explanation:

As we see in the question that there is an increase in upward sloping of labor supply curve that means more and more workers are ready or willing to work in that case where the wages of the market increased

Therefore according to the options, the option C is correct as it mets the current situation and the same is to be considered

Hence, all other options are incorrect