The _____ effect of a _____ wage causes individuals to substitute _____.
A) substitution,higher;labor for leisure
B) income;lower;leisure for labor
C) substitution;lower;labor for leisure
D) complementary;constant;leisure for labor
Correct Answer:
Verified
Q186: A wage _ reduces the quantity of
Q187: Which factor will NOT shift the labor
Q188: An input differs from a factor of
Q189: A backward-bending supply curve of labor shows
Q190: Beyond some point,a higher wage may induce
Q192: Which factor will NOT shift the labor
Q193: In terms of labor supply,the substitution effect
Q194: In terms of labor supply,the substitution effect
Q195: A leftward shift in the labor supply
Q196: A leftward shift in the labor supply
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