A consumer has preferences over consumption and leisure, both of which are normal goods. When the wage decreases, the consumer chooses to consume less leisure. For this consumer the labor supply curve will
A)slope upward.
B)slope backward.
C)be horizontal.
D)be vertical.

Question

Quizplus · Accepted Answer

The Answer of A consumer has preferences over consumption and leisure, both of which are normal goods. When the wage decreases, the consumer chooses to consume less leisure. For this consumer the labor supply curve will
A)slope upward.
B)slope backward.
C)be horizontal.
D)be vertical.

A Consumer Has Preferences Over Consumption and Leisure, Both of Which