Multiple Choice
An upward-sloping individual labor supply curve indicates that the
A) income and substitution effects are of roughly equal strength.
B) substitution effect is the only effect at work.
C) income effect is the only effect at work.
D) income effect is stronger than the substitution effect.
E) substitution effect is stronger than the income effect.
Correct Answer:

Verified
Correct Answer:
Verified
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