Solved

If the Wage Rate Decreases,the Substitution Effect Gives a Household

Question 68

Multiple Choice

If the wage rate decreases,the substitution effect gives a household the incentive to


A) raise its reservation wage.
B) increase leisure and decrease work.
C) increase work and decrease work.
D) increase both work and leisure.
E) decrease both work and leisure.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions