An upward sloping labor supply curve implies that an increase in the wage induces a firms to increase the quantity of labor they hire b firms to increase the quantity of output they produce c workers to decrease the quantity of leisure they enjoy d All of the above are correct

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An upward-sloping labor-supply curve implies that an increase in the wage induces a. firms to increase the quantity of labor they hire. b. firms to

An upward-sloping labor-supply curve implies that an increase in the wage induces

	a.	firms to increase the quantity of labor they hire.
	b.	firms to increase the quantity of output they produce.
	c.	workers to decrease the quantity of leisure they enjoy.
	d.	All of the above are correct.

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