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Figure 17-2 -Refer to Figure 17-2.In Panel A,at High Wages (Segment Iii)

Question 72

Multiple Choice

Figure 17-2 Figure 17-2 -Refer to Figure 17-2.In Panel A,at high wages (segment iii) , A) the price of leisure is rising relative to the price of labor. B) the price of leisure is falling relative to the price of labor. C) laborers work more as wages increase. D) labor suppliers take more leisure as wages increase.
-Refer to Figure 17-2.In Panel A,at high wages (segment iii) ,

A) the price of leisure is rising relative to the price of labor.
B) the price of leisure is falling relative to the price of labor.
C) laborers work more as wages increase.
D) labor suppliers take more leisure as wages increase.

Correct Answer: