Multiple Choice
A person who wins a large sum of money in the state lottery is likely to
A) increase the amount of market work offered at each wage rate
B) not change the amount of work offered at each wage rate
C) decrease the amount of work offered at each wage rate
D) substitute market work for leisure time due to the substitution effect
E) substitute market work for leisure time due to the income effect
Correct Answer:
Verified
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