The Backward-Bending Labor Supply Curve Has Its Shape Because,at

question 120

Multiple Choice

The backward-bending labor supply curve has its shape because,at

• A) low wages,the income effect dominates the substitution effect,but the reverse occurs at high wages.
• B) high wages,the substitution effect dominates the income effect,but the reverse occurs at low wages.
• C) low wages,the substitution effect dominates the income effect,but the reverse occurs at high wages.
• D) all wages,the income effect dominates the substitution effect.
• E) all wages,the substitution effect dominates the income effect.

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