menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 21: The Theory of Consumer Choice
  5. Question
    When Leisure Is a Normal Good,what Is the Income Effect
Solved

When Leisure Is a Normal Good,what Is the Income Effect

Question 191

Question 191

Multiple Choice

When leisure is a normal good,what is the income effect from an increase in wages evident in


A) a desire to consume more leisure
B) a desire to consume less leisure
C) an upward-sloping labour supply curve
D) a shift in labour demand

Correct Answer:

verifed

Verified

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

Related Questions

Q43: Explain the difference between inferior and normal

Q181: Figure 21-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-1

Q182: Figure 21-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-3

Q184: Given a consumer's indifference map,how may the

Q185: Table 21-1<br>The relationship between the marginal utility

Q186: Figure 21-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 21-8

Q187: Assume that a person consumes two goods,coffee

Q188: Draw indifference curves that reflect the following:<br>a.pencils

Q189: What is the substitution effect from an

Q190: In which way will an increase in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines