What does an upward-sloping labor supply curve mean? It means that worker prefer

Question

What does an upward-sloping labor supply curve mean? It means that worker prefer to buy more leisure time whentheir incomes increase. b.It means that workers prefer to supply less labor when wagesare high. c.It means that an increase in the opportunity cost of leisureleads workers to increase the quantity of labor they supply. d.all of the above are correct. What does an upward-sloping labor supply curve mean? It means that worker prefer to buy more leisure time whentheir incomes increase. b.It means that workers prefer to supply less labor when wagesare high. c.It means that an increase in the opportunity cost of leisureleads workers to increase the quantity of labor they supply. d.all of the above are correct.

Explanation / Answer

C. it means that an increase in the oppurtunity cost of leisureleads workers to increase the quantity of labor they supply.

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