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What Do We Know About the Slope of an Individual

Question 153

Multiple Choice

What do we know about the slope of an individual worker's labour supply curve


A) It cannot slope downward.
B) It slopes downward if that person responds to a higher wage by taking fewer hours of leisure per week.
C) It slopes downward if that person responds to a higher opportunity cost of leisure by working fewer hours per week.
D) It is horizontal if that person works the same number of hours per week, regardless of the opportunity cost of leisure.

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