Flor's Hourly Wage Increases from $8 to $10

question 10

Multiple Choice

Flor's hourly wage increases from $8 to $10.Which of the following describes a consequence of the increase in Flor's wage?

• A) The opportunity cost of Flor's leisure time has decreased.
• B) If Flor's labor supply curve is upward-sloping, she will choose to work fewer hours.
• C) Flor will not want a higher wage to maintain her more affluent status.
• D) Flor may choose to work fewer hours due to the increase in her wage.
• E) If Flor's labor supply curve is downward-sloping, she will choose to work more hours.

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