If Above a Certain Wage Rate a Worker Prefers to Work

question 178

Multiple Choice

If above a certain wage rate a worker prefers to work less and enjoy more leisure (the income effect dominates the substitution effect) , how is the labour supply curve drawn?

• A) as a vertical supply curve
• B) as a backward-bending supply curve
• C) as a downward-sloping supply curve
• D) as an upward-sloping supply curve

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