Question $9$

$1$ pts

$($Table$)$ Based on the table, what must be TRUE about the labor supply curve as the wage rate rises from $$20$ to $$30$ per hour?

$\backslash$table$[[$Labor Supply Schedule$],[$Wage Rate $($S$/$hr$.),$Hours of Work $($per week$)],[20,30],[30,40],[40,50],[50,40],[60,30]]$

As the wage rate rises, hours of work decrease.

The income effect dominates the substitution effect.

As the wage rate rises, more hours of leisure are consumed.

The substitution effect dominates the income effect.