Solved

Use the Following Figure to Answer the Question : Figure

Question 2

Multiple Choice

Use the following figure to answer the question : Figure 17-1 : shows the weekly income (in dollars) and leisure (in hours) of a worker using an indifference curve and a budget line.
Use the following figure to answer the question : Figure 17-1 : shows the weekly income (in dollars) and leisure (in hours) of a worker using an indifference curve and a budget line.   -Refer to Figure 17-1.If the number of leisure hours is OL<sub>3</sub> after a change in the wage rate,the individual's supply curve of labor will be _____. A) backward bending B) vertical C) upward-sloping D) relatively elastic
-Refer to Figure 17-1.If the number of leisure hours is OL3 after a change in the wage rate,the individual's supply curve of labor will be _____.


A) backward bending
B) vertical
C) upward-sloping
D) relatively elastic

Correct Answer:

verifed

Verified

Related Questions