A Person Who Wins a Large Sum of Money in the State

question 138

Multiple Choice

A person who wins a large sum of money in the state lottery is likely to

• A)increase the amount of market work offered at each wage rate
• B)not change the amount of work offered at each wage rate
• C)decrease the amount of work offered at each wage rate
• D)substitute market work for leisure time due to the substitution effect
• E)substitute market work for leisure time due to the income effect

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