Wendy's hourly wage decreases from $15 to $12.Which of the following describes a consequence of the decrease in Wendy's wage?
A) The opportunity cost of Wendy's leisure time has decreased.
B) Wendy may choose to work more hours due to the decrease in her wage.
C) Wendy may choose to work fewer hours due to the decrease in her wage.
D) All of the above are correct.
Correct Answer:
Verified
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