Figure 21-15
-Refer to Figure 21-15. Shemar experiences an increase in his hourly wage. His optimal choice point moves from A to B. For Shemar,
A)his labor supply curve is upward sloping.
B)his labor supply curve is backward bending.
C)leisure is a normal good.
D)labor is an inferior good.

Question

Figure 21-15 
-Refer to Figure 21-15. Shemar experiences an increase in his hourly wage. His optimal choice point moves from A to B. For Shemar,
A)his labor supply curve is upward sloping. 
B)his labor supply curve is backward bending. 
C)leisure is a normal good. 
D)labor is an inferior good.

Quizplus · Accepted Answer

The Answer of Figure 21-15 
-Refer to Figure 21-15. Shemar experiences an increase in his hourly wage. His optimal choice point moves from A to B. For Shemar,
A)his labor supply curve is upward sloping. 
B)his labor supply curve is backward bending. 
C)leisure is a normal good. 
D)labor is an inferior good.

Figure 21-15 -Refer to Figure 21-15. Shemar Experiences an Increase in His