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Author Question: Which of the following statements about the supply of labor is correct? (Read 74 times)

DelorasTo

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Which of the following statements about the supply of labor is correct?
◦ It is perfectly inelastic at whatever quantity individuals are willing to work.
◦ An individual's supply of labor curve is always upward sloping, like the supply curves of other items.
◦ It is perfectly price elastic at the current wage rate.
◦ An individual's supply of labor curve can bend backwards.
◦ The supply of labor curve is shaped like an upside-down U.


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Marked as best answer by DelorasTo on May 24, 2019

maya.nigrin17@yahoo.com

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DelorasTo

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