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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Home » Business » 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.