asked 56.8k views
5 votes
If an individual's labor supply curve is downward sloping, this indicates that:

(A) the income effect dominates the substitution effect.
(B) the substitution effect dominates the income effect.
(C) the individual faces a diminishing marginal utility for leisure.
(D) the individual has become wealthier

1 Answer

7 votes

Answer:

A. the income effect dominates the substitution effect

Step-by-step explanation:

answered
User Nevett
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