Question
According to the substitution effect, in response to a decrease in wage, a person will likely(1 point)
Responses
Reduce hours to substitute work for leisure
Reduce hours to substitute leisure for work
Increase hours to substitute work for leisure
Increase hours to substitute leisure for work
Responses
Reduce hours to substitute work for leisure
Reduce hours to substitute leisure for work
Increase hours to substitute work for leisure
Increase hours to substitute leisure for work
Answers
Answered by
GPT 3.5
Reduce hours to substitute work for leisure