Wes works as a delivery man and can work as many hours as he likes for $12 an hour.He typically works 40 hours a week.Recently,his pay has been cut,and Wes decides to:
A) work more hours,because the price effect dominates his labor supply decision.
B) works less hours,because the income effect dominates his labor supply decision.
C) works more hours,because the income effect dominates his labor supply decision.
D) None of these statements is true.
Correct Answer:
Verified
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