Multiple Choice
-Peyton is a personal trainer and works at several gyms in her neighborhood.Peyton's labor supply curve is shown above.Which of the following statements is true regarding Peyton's labor supply?
i.Peyton is willing to supply more labor and give up leisure at wages between $50 and $75 per hour.
ii.Peyton will not work for less than $30 per hour.
iii.If the wage increases higher than $75 per hour,Peyton will choose to take more leisure.
A) i, ii and iii.
B) ii only.
C) iii only.
D) i and ii.
E) ii and iii.
Correct Answer:

Verified
Correct Answer:
Verified
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