Answer:
Price
Step-by-step explanation:
The law of supply is a principle of economics that explains that there is a direct relationship between the price and the quantity supplied.
As the price of the product decreases, its supply decreases and as the price increases, supply also increases.
In the given question,
as the price of labor increases, the supply of labor also increases.
So, The "law of supply" functions in labor markets; that is, a higher price for labor leads to a higher quantity of labor supplied.
