Teenage workers are assumed to have labor supply, therefore a 5% increase in wage would result in percentage change in quantity of labor supplied.

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Teenage workers are assumed to have ________ labor supply, therefore a 5% increase in wage would result in ________ percentage change in quantity of labor supplied.

asked Jan 13, 2019 175k views

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AaronD · Answer 1 · 2019-01-17T15:12:14+0000

Teenage workers are assumed to have ELASTIC labor supply, therefor a 5% increase in wage would result in GREATER percentage change in quantity of labor supplied.
let me know if you have any further questions
:)

Teenage workers are assumed to have labor supply, therefore a 5% increase in wage would result in percentage change in quantity of labor supplied.

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