Business homework help. ?The figure given below shows a backward-bending labor supply curve for an individual. In the figure below, which of the following is true at a wage rate of $14?a. ?No labor is supplied.b. ?The income effect equals the substitution effect.c. ?The supply curve is horizontal.d. ?The substitution effect dominates the income effect.e. ?The income effect dominates the substitution effect.This answer is not on the document
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