Which of the Following Statements Is (Are)true

question 73

Multiple Choice

Which of the following statements is (are) true?
I. As the real wage rate increases, the household's income decreases, which influences people to
Work more hours.
Ii. As the real wage rate increases, the quantity of labor demanded increases.
Iii. As the real wage rate increases, the opportunity cost of not working increases.

• A)i and iii
• B)iii only
• C)i only
• D)i, ii, and iii
• E)ii only