Figure 21-23

-Refer to Figure 21-23.Fiona experiences an increase in her hourly wage.Her optimal choice point moves from A to B.For Fiona,
A) her labor supply curve is backward bending.
B) her labor supply curve is upward sloping.
C) leisure is a normal good.
D) both a and c are correct.

Question

Figure 21-23
 
-Refer to Figure 21-23.Fiona experiences an increase in her hourly wage.Her optimal choice point moves from A to B.For Fiona,
A) her labor supply curve is backward bending. 
B) her labor supply curve is upward sloping. 
C) leisure is a normal good. 
D) both a and c are correct.

Quizplus · Accepted Answer

The Answer of Figure 21-23
 
-Refer to Figure 21-23.Fiona experiences an increase in her hourly wage.Her optimal choice point moves from A to B.For Fiona,
A) her labor supply curve is backward bending. 
B) her labor supply curve is upward sloping. 
C) leisure is a normal good. 
D) both a and c are correct.

Figure 21-23 -Refer to Figure 21-23.Fiona Experiences an Increase in Her Hourly