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Figure: Leisure 1 Refer to the Figure

Question 114

Multiple Choice

Figure: Leisure 1 Figure: Leisure 1 Refer to the figure. According to this figure, which statement is TRUE? A) The labor supply curve is downward sloping. B) The labor supply curve is upward sloping. C) The income effect denominates the substitution effect. D) The worker earns $6.00 an hour. Refer to the figure. According to this figure, which statement is TRUE?


A) The labor supply curve is downward sloping.
B) The labor supply curve is upward sloping.
C) The income effect denominates the substitution effect.
D) The worker earns $6.00 an hour.

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