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Author Question: Households increase the quantity of labor supplied when the A) real wage rate rises because the ... (Read 137 times)

a0266361136

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on: Jun 30, 2018
Households increase the quantity of labor supplied when the
 
  A) real wage rate rises because the opportunity cost of not working rises.
  B) income tax rises because an increase in the income tax increases the demand for labor.
  C) nominal wage rate falls because the opportunity cost of not working rises.
  D) nominal wage rate rises because the real wage rate must also rise.
  E) real wage rate rises because the opportunity cost of not working falls.

Question 2

In the above figure, the shift in the supply curve from S to S2 reflects
 
  A) an increase in the supply of pizza.
  B) an increase in the quantity of pizza supplied.
  C) a decrease in the quantity of pizza supplied.
  D) a decrease in the supply of pizza.
  E) a decrease in the supply of pizza and a simultaneous decrease in the quantity of pizza supplied.


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smrtceo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


a0266361136

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Reply #2 on: Jun 30, 2018
Thank you :)


smrtceo

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Reply #3 on: Jun 30, 2018
Happy to help you


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