Multiple Choice
John is an entrepreneur who owns an auto body repair shop.John's business is booming,and his salary is rising.John's labor supply curve will be _____ if the substitution effect is _____ the income effect.
A) upward sloping;smaller than
B) downward sloping;smaller than
C) horizontal;equal to
D) vertical;greater than
Correct Answer:
Verified
Correct Answer:
Verified
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