Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 21 - Part VII - The Theory of Consumer Choice - Quick Check Multiple Choice - Page 458: 6

Answer

d) the substitution effect on leisure is greater than the income effect.

Work Step by Step

If the supply curve is upward, then there would be a decrease in leisure time. There would be a substitution from leisure time to increased work time.
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