This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assuming that leisure is a normal good, if an individual's labor supply curve is upward sloping, then the (Read 47 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Apr 19, 2019

Question 1

Assume leisure is an inferior good instead of a normal good. The income effect of a wage decrease will lead to a ________ demand for leisure and a ________ labor supply.


◦ higher; higher
◦ higher; lower
◦ lower; higher
◦ lower; lower

Question 2

Assuming that leisure is a normal good, if an individual's labor supply curve is upward sloping, then the


◦ income effect outweighs the substitution effect at higher wages.
◦ substitution effect outweighs the income effect at higher wages.
◦ income effect and the substitution effects are equal.
◦ income effect is zero.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Shelles on Apr 19, 2019

shailee

  • Sr. Member
  • ****
  • Posts: 392
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Shelles

  • Member
  • Posts: 582
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Normal and mutant homeotic gene action in Arabidopsis Normal and mutant homeotic gene action in Arabidopsis
Many hobbies and leisure activities have some risk of health-related injuries Many hobbies and leisure activities have some risk of health-related injuries
Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf
An Inverted U Curve An Inverted U Curve
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library