Questions are based on the following diagram, which shows a labor supply curve for an individual.
-Of the following,which one would most likely cause this person to supply H1 hours of work at W3 rather than the current H3 hours?
A) This person's spouse receives a substantial income increase
B) A decrease in this person's marginal valuation of leisure time
C) Congress abolishes an income maintenance program
D) This person's spouse suffers a substantial cut in income
Correct Answer:
Verified
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A)reduces desired hours
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