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(Figure: Labor Supply) Refer to the Figure

Question 256

Multiple Choice

(Figure: Labor Supply) Refer to the figure. The figurerepresents the budget constraint and indifference curves for the (Figure: Labor Supply) Refer to the figure. The figurerepresents the budget constraint and indifference curves for the A) the income effect will dominate and the consumer will work more. B) the substitution effect will dominate and the consumer will work more. C) the income effect will dominate and the consumer will work less. D) the substitution effect will dominate and the consumer will work less.


A) the income effect will dominate and the consumer will work more.
B) the substitution effect will dominate and the consumer will work more.
C) the income effect will dominate and the consumer will work less.
D) the substitution effect will dominate and the consumer will work less.

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