The graph below shows George's indifference curves and budget lines.From A to B,we can
Conclude

A) leisure is a normal good.
B) leisure is an inferior good.
C) George will increase his working time with a higher wage.
D) the substitution effect is greater than the income effect.

Question

The graph below shows George's indifference curves and budget lines.From A to B,we can
Conclude

A) leisure is a normal good. 
B) leisure is an inferior good. 
C) George will increase his working time with a higher wage. 
D) the substitution effect is greater than the income effect.

Quizplus · Accepted Answer

The Answer of The graph below shows George's indifference curves and budget lines.From A to B,we can
Conclude

A) leisure is a normal good. 
B) leisure is an inferior good. 
C) George will increase his working time with a higher wage. 
D) the substitution effect is greater than the income effect.

The Graph Below Shows George's Indifference Curves and Budget Lines