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27 June, 10:01

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

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  1. 27 June, 10:26
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    A. the income effect dominates the substitution effect
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