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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.1
Why is the supply of labor upward sloping in the factor market?
The number of workers that are willing and able to sell their labor increases as the wage falls
The number of workers that are willing and able to sell their labor increases as the wage increases
The number of workers that are willing and able to sell their labor decreases as the wage increases
The number of workers that are willing and able to sell their labor decreases as the wage falls
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AP Microeconomics - 5.1 Introduction to Factor Markets
Key terms
Factor Market
Supply of labor
Upward sloping
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About Us
About Fiveable
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Terms of Use
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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