Assume Leisure Is a Normal Good

question 230

Multiple Choice

Assume leisure is a normal good. The substitution effect of a wage decrease implies a ________ demand for leisure and a ________ labor supply.

• A) lower; higher
• B) higher; lower
• C) higher; higher
• D) lower; lower

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Definitions:

Grant A Claim

Grant A Claim means to acknowledge or agree to a request, demand, or right, often in legal, consumer service, or policy contexts.

Subject Line

The heading at the top of an email or message that indicates the topic or purpose of the communication.

Repair The Relationship

The process of mending or restoring a broken or strained relationship through communication, understanding, and reconciliation.

Routine Request

A standard or regular petition for information, services, or action within established practices or procedures.