As the Wage Rate Falls, a Utility-Maximizing Individual's Quantity of Labor

Multiple Choice

As the wage rate falls, a utility-maximizing individual's quantity of labor supplied

A) increases
B) decreases
C) increases if the income effect outweighs the substitution effect
D) decreases if the substitution effect outweighs the income effect
E) decreases if the income effect outweighs the substitution effect