A Consumer Has Preferences Over Consumption and Leisure, Both of Which

question 138

Multiple Choice

A consumer has preferences over consumption and leisure, both of which are normal goods. When the wage decreases, the consumer chooses to consume less leisure. For this consumer the labor supply curve will

• A)slope upward.
• B)slope backward.
• C)be horizontal.
• D)be vertical.

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Definitions:

Induction

A process in developmental biology where one cell or tissue type influences the development of another cell or tissue type, leading to a specific developmental pathway or pattern.

Organogenesis

The process during embryonic development in which organs are formed from the three germ layers.

Embryonic Development

The process by which an embryo forms and develops, from the fertilization of an egg to the fetal stage.

Neural Tube

An embryonic structure that develops into the central nervous system, including the brain and spinal cord.