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Figure: Labor Leisure Refer to the Figure

Question 113

Multiple Choice

Figure: Labor Leisure Figure: Labor Leisure Refer to the figure. Which statement is TRUE? A) The labor supply curve is downward sloping. B) The labor supply curve is upward sloping. C) The income effect denominates the substitution effect. D) The worker earns $6.00 an hour. Refer to the figure. Which statement is TRUE?


A) The labor supply curve is downward sloping.
B) The labor supply curve is upward sloping.
C) The income effect denominates the substitution effect.
D) The worker earns $6.00 an hour.

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