Economics Mcqs
Q If leisure is a normal good, an increase in the wage ?
  • A A. Will always increase the quantity of labor supplied
  • B B. Will increase the amount of labor supplied if the substitution effect outweighs the income effect
  • C C. Will increase the amount of labor supplied if the income effect outweighs the substitution effect
  • D D. Will always decrease the amount of labor supplied
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