Which of the Following Statements Contradicts the Upward-Sloping Market-Supply Curve?`

question 22

Multiple Choice

Which of the following statements contradicts the upward-sloping market-supply curve?`

• A)All people have backward-bending individual supply curves
• B)Leisure is more enjoyable than work
• C)The elasticity of labor supply is larger than the elasticity of labor demand.
• D)More work means less leisure
• E)The opportunity cost of leisure decreases with an increase in wage rate.

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Definitions:

Hypnosis

A state resembling trance characterized by heightened focus, greater suggestibility, and an enhanced imagination, commonly employed for therapeutic benefits.

Stimulants

Substances that increase alertness, attention, and energy by raising the levels of key chemicals in the brain and body.

Propensity

An inclination or natural tendency to behave in a certain way.

Blood Relative

A person who shares an ancestor with another, indicating a family connection by birth rather than marriage.