Safiya Works at a Factory for $15 an Hour and Typically

question 78

Multiple Choice

Safiya works at a factory for $15 an hour and typically works 40 hours a week. Safiya receives a pay raise and now earns $20 an hour. She decides to work 45 hours a week at her new wage. Which of the following statements is true about her decision to increase her hours worked upon receiving a wage increase?

• A)The price effect outweighed the income effect of her pay raise.
• B)Her labor supply curve is upward sloping.
• C)This type of outcome is typically observed.
• D)All of these statements are true.

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Definitions:

Limiting Factor

An environmental condition that restricts the growth, abundance, or distribution of an organism or a population within an ecosystem.

Nutrient

A substance that provides nourishment essential for the growth and maintenance of life.

Nitrites

Compounds containing the nitrite ion, NO2−, often used in food preservation and potentially harmful in high concentrations.

Bicarbonate

A bicarbonate ion (HCO3-) or a salt containing it, which acts as a buffer to maintain the pH balance in blood and other fluids.