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NYC NYC
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8 years ago
The income effect of a wage rate decrease should lead to:
A) a decrease in the quantity of labor supplied and a decrease in leisure.
B) a decrease in quantity of labor supplied and an increase in leisure.
C) an increase in the quantity of labor supplied and an increase in leisure.
D) an increase in the quantity of labor supplied and a decrease in leisure.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Thanks for answering Slight Smile
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