If an Individual's Labor Supply Curve Is Downward Sloping, This

question 139

Multiple Choice

If an individual's labor supply curve is downward sloping, this indicates that:

• A) the individual has become wealthier.
• B) the income effect dominates the substitution effect.
• C) the substitution effect dominates the income effect.
• D) the individual faces a diminishing marginal utility for leisure.

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