What is the substitution evolutionary wage change?
A) A forward-thinking consumer will work less when the returns to doing so are highest.
B) A forward-thinking consumer will work more when the returns to doing so are lowest.
C) A forward-thinking consumer will buy more leisure because it is a normal good and he/she has received a raise.
D) A forward-thinking consumer will work more when the returns to doing so are highest.
E) A forward-thinking consumer will buy less leisure because it is a normal good and he/she has received a raise.
Correct Answer:
Verified
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