Louise's individual labour supply curve is upward sloping, which of the following is consistent with Louise's labour supply curve? as the wage rises, the price of leisure increases and so she takes more leisure as the wage falls, she responds by taking less leisure as wage rises, Louise takes less leisure as the wage falls, she will work more hours to buy the same number of goods.
Louise's individual labour supply curve is upward sloping, which of the following is consistent with Louise's labour supply curve? as the wage rises, the price of leisure increases and so she takes more leisure as the wage falls, she responds by taking less leisure as wage rises, Louise takes less leisure as the wage falls, she will work more hours to buy the same number of goods.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section7.1: Demand
Problem 4R
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Louise's individual labour supply curve is upward sloping, which of the following is consistent with Louise's labour supply curve?
as the wage rises, the price of leisure increases and so she takes more leisure
as the wage falls, she responds by taking less leisure
as wage rises, Louise takes less leisure
as the wage falls, she will work more hours to buy the same number of goods.
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