The Graph Below Shows George's Indifference Curves and Budget Lines

question 65

Multiple Choice

The graph below shows George's indifference curves and budget lines.From A to B,we can
Conclude

• A) leisure is a normal good.
• B) leisure is an inferior good.
• C) George will increase his working time with a higher wage.
• D) the substitution effect is greater than the income effect.

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