Vidyalelo
Commerce · Q1005

Economics

Graduate and Post Graduate · Commerce · question 1005

Q1005

If an individual is observed to work less in response to an increase in the wage rate for his services, this implies that

A.
for this individual, leisure is a normal good
Answer
B.
for this individual, leisure is an inferior good
C.
the individual is irrational
D.
leisure could be a Giffen good

Answer: Option A

Solution

Answer: Option A
No explanation is given for this question Let's Discuss on Board