Which of the following is true about the market supply curve for hockey players? ?
Which of the following statements about the market supply curve for hockey players is true?
- The market supply curve is positively sloped, indicating that lower salaries would discourage some athletes from pursuing a career in hockey.
- The market supply curve is negatively sloped, reflecting the limited availability of substitute industries for hockey players.
- The market supply curve is positively sloped, suggesting that higher salaries would attract more European players to the United States to play professional hockey.
- The market supply curve is vertical, indicating that changes in salaries do not affect the quantity of players supplied.
- The market supply curve is negatively sloped.
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