Use the Following Figure to Answer the Question : Figure

question 2

Multiple Choice

Use the following figure to answer the question : Figure 17-1 : shows the weekly income (in dollars) and leisure (in hours) of a worker using an indifference curve and a budget line.

-Refer to Figure 17-1.If the number of leisure hours is OL₃ after a change in the wage rate,the individual's supply curve of labor will be _____.

• A)backward bending
• B)vertical
• C)upward-sloping
• D)relatively elastic

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A self-help organization aimed at helping its members achieve and maintain sobriety through a 12-step program.

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