Multiple Choice
If above a certain wage rate a worker prefers to work less and enjoy more leisure (the income effect dominates the substitution effect) , how is the labour supply curve drawn?
A) as a vertical supply curve
B) as a backward-bending supply curve
C) as a downward-sloping supply curve
D) as an upward-sloping supply curve
Correct Answer:
Verified
Correct Answer:
Verified
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