Why might an individual supply less labor (demand more leisure) as the wage rate rises?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:50 AM

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Why might an individual supply less labor (demand more leisure) as the wage rate rises?

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When the wage rate rises the substitution effect will induce a worker to supp...View the full answer

Microeconomics

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