An upward sloping labor supply curve suggests that;

A) there is no substitution effect.
B) the income effect outweighs the substitution effect.
C) the substitution effect outweighs the income effect.
D) None of the choices are correct.

Labor Supply Curve

The labor supply curve illustrates the relationship between the wage rate and the quantity of labor that workers are willing to offer at different wage rates.

Substitution Effect

The change in the consumption patterns of goods or services, as consumers replace pricier items with more affordable substitutes when prices change.

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.