Multiple Choice
If leisure is a normal good for a worker,and the income effect of a wage change dominates the substitution effect,then if wages increase:
A) there will be a decrease in the quantity of labor supplied by the worker.
B) there will be an increase in the quantity of labor supplied by the worker.
C) there will be no change in the quantity of labor supplied by the worker.
D) the worker's individual supply curve will shift to the left.
Correct Answer:

Verified
Correct Answer:
Verified
Q127: An increase in the demand for a
Q128: Ultimately,the source of growth in real wages
Q129: Would the owner of a profit-maximizing fast-food
Q130: Which of the following is not likely
Q131: Unions,by nature,must _ their membership in order
Q133: The provisions of which of the following
Q134: The price of any productive resource is
Q135: Exhibit 16-1 Several congressmen and senators have
Q136: Which of the following statements are true
Q137: Increases in income from sources other than