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pirex pirex
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Posts: 634
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6 years ago
A backward-bending labor supply curve implies that
A) the substitution effect dominates the income effect at higher wage rates but not at lower wage rates.
B) the substitution effect dominates the income effect at lower wage rates but not at higher wage rates.
C) leisure is an inferior good.
D) workers are irrational.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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ChronosChronos
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#1
Posts: 404
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6 years ago
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pirex Author
wrote...

6 years ago
Smart ... Thanks!
sadiewolf
wrote...

Yesterday
Thanks
kevin12323h
wrote...

2 hours ago
Good timing, thanks!
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