At low wages, the labor supply curve for most people slopes upward because - 3655

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At low wages, the labor supply curve for most people slopes upward because 

A.   as wages increase the opportunity cost of leisure increases.

B.   as wages increase income also increases unless hours worked decrease.

C.   the supply of labor is perfectly inelastic at low wages.

D.   the demand for labor is perfectly elastic at low wages.

Solution Description

At low wages, the labor supply curve for most people slopes upward because