The government finances Social Security through

Suppose a person's utility for leisure (L) and consumption (Y) can be expressed as U = Y + L0.5. Show what happens to the person's labor supply curve when the income tax is cut from 70 percent to 30 percent

Denote hours worked as H and wage per hour as w.

The ________ broadly we define a market, the less difficult it becomes to find ________.

A. less; substitutes B. more; goods independent of each other C. more; substitutes D. more; complements