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Derron Brown
on Dec 08, 2024

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If the elasticity of labor supply is positive, the labor-supply curve would be

A) horizontal.
B) vertical.
C) downward sloping.
D) upward sloping.

Labor-supply Curve

A graphical representation showing the relationship between the wage rate and the quantity of labor workers are willing to supply.

Elasticity Positive

Positive elasticity indicates that when the price of a good or service increases, the quantity demanded increases, or vice versa, showing a direct relationship between price and demand.

  • Learn about the elasticity of supply and its role in influencing market mechanisms.
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Keria BarnesDec 09, 2024
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