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Your best friend receives a pay raise at her part-time job from $8 to $10 per hour. She used to work 20 hours per week, but now she decides to work 16 hours per week in order to spend more time studying economics. For this price range, her labor supply curve is

1) vertical.
2) horizontal.
3) upward sloping.
4) backward sloping.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940526

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