question 9\n1 pts\nat low wages, the labor supply curve for most people slopes upward because\n the demand…

question 9\n1 pts\nat low wages, the labor supply curve for most people slopes upward because\n the demand for labor is perfectly elastic at low wages.\n as wages increase income also increases unless hours worked decrease.\n as wages increase the opportunity cost of leisure increases.\n the supply of labor is perfectly inelastic at low wages.

question 9\n1 pts\nat low wages, the labor supply curve for most people slopes upward because\n the demand for labor is perfectly elastic at low wages.\n as wages increase income also increases unless hours worked decrease.\n as wages increase the opportunity cost of leisure increases.\n the supply of labor is perfectly inelastic at low wages.

Answer

Brief Explanations:

When wages are low, as wages increase, the opportunity - cost of leisure (the income forgone by not working) rises. People are more willing to work more hours as the reward for working (higher wage) becomes relatively more attractive compared to leisure. This leads to an upward - sloping labor supply curve at low wages.

Answer:

as wages increase the opportunity cost of leisure increases.