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AP Microeconomics
Unit 5 – Factor Markets
Topic 5.1
Unit 5 – Factor Markets
5.1 Introduction to Factor Markets
mixed difficulty
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 decreases as the wage increases
The number of workers that are willing and able to sell their labor decreases as the wage falls
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
Study guides (1)
AP Microeconomics - 5.1 Introduction to Factor Markets
Key terms
Factor Market
Supply of labor
Upward sloping
Guides
Glossary
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