A Person Who Wins a Large Sum of Money in the State

question 71

Multiple Choice

A person who wins a large sum of money in the state lottery is _____

• A)likely to increase the amount of market work offered at each wage rate.
• B)not likely to change the amount of work offered at each wage rate.
• C)likely to decrease the amount of work offered at each wage rate.
• D)likely to substitute market work for leisure time because of the substitution effect.
• E)likely to substitute market work for leisure time because of the income effect.