Labour supply is the relationship between the amount of work that workers are willing to provide...

Labour supply is the relationship between the amount of work that workers are willing to provide over a given time interval and the wage level offered by firms. Is this true or false?

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Expert Solution

True, labor supply shows a realtionship between the amount of work that the labors are willing to supply at the given wages and the time limit, if the wages are high the amount of work supplied will be high and if the wages are low then amount of work supplied will be low. the given statement is true.

Rahul Sunny answered 1 year ago

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