Which of the following scenarios would best represent the backwards supply curve seen on the Labor Supply Graph?   Group of answer choices Katie is offered double time for every hour she works over 40 each week. She signs up for an extra 20 hours a week. Kalia got a promotion and a raise, she books 2 extra weeks of vacation for next year. Josie took 3 weeks of vacation last year. This year, she got a new job with higher pay and decides to take 1 week of vacation instead.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter12: The Supply Of And Demand For Productive Resources
Section: Chapter Questions
Problem 12CQ
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Which of the following scenarios would best represent the backwards supply curve seen on the Labor Supply Graph?

 

Group of answer choices
Katie is offered double time for every hour she works over 40 each week. She signs up for an extra 20 hours a week.
Kalia got a promotion and a raise, she books 2 extra weeks of vacation for next year.
Josie took 3 weeks of vacation last year. This year, she got a new job with higher pay and decides to take 1 week of vacation instead.
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