Wendy's Hourly Wage Decreases from $15 to $12

question 88

Multiple Choice

Wendy's hourly wage decreases from $15 to $12.Which of the following does NOT describe a consequence of the decrease in Wendy's wage?

• A) Wendy may choose to work fewer hours due to the decrease in her wage.
• B) The opportunity cost of Wendy's leisure time has decreased.
• C) Wendy will now see an increase in her opportunity cost of not working.
• D) Wendy may choose to work more hours due to the decrease in her wage.
• E) Wendy will now have less incentive to leave this employment for other opportunities.

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