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Figure 342 Illustrates Two Labor Supply Curves

Question 33

Multiple Choice

Figure 34.2 illustrates two labor supply curves. If in-kind payments become less available in this economy and marginal tax rates decrease significantly, we would expect a shift from A) S<sub>1</sub> to S<sub>2</sub> only. B) S<sub>1</sub> to S<sub>2</sub> and a movement up S<sub>2.</sub> C) S<sub>2</sub> to S<sub>1</sub> only. D) S<sub>2</sub> to S<sub>1</sub> and a movement up S<sub>1</sub>. Figure 34.2 illustrates two labor supply curves. If in-kind payments become less available in this economy and marginal tax rates decrease significantly, we would expect a shift from


A) S1 to S2 only.
B) S1 to S2 and a movement up S2.
C) S2 to S1 only.
D) S2 to S1 and a movement up S1.

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