Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

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

When the supply curve is upwards, there will be a reduction in leisure time. There will be a transition from leisure time to expanded working hours.
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