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Question 12

The tendency for workers to value their leisure hours more than hours of work as wage rate increases gives rise to

  • A.positively sloping supply curve
  • B.perfectly elastic supply curve
  • C.backward bending supply curve
  • D.perfectly inelastic
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2016
Question no.
#12
Type
Objective
Previous · Q11Price elasticity of demand or supply measures how responsive Next · Q13 The supply of rice in tons is given by the fraction: Qs-80-0.7=0. Where Qs=…

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