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Author Question: Megan took a pay cut from $10 an hour to $7 an hour. As a result of the wage decrease, Megan desires ... (Read 495 times)

lbcchick

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on: Apr 19, 2019

Question 1

If the income effect is ________ the substitution effect, the labor supply curve is vertical.


◦ greater than
◦ smaller than
◦ equal to
◦ unrelated to

Question 2

Megan took a pay cut from $10 an hour to $7 an hour. As a result of the wage decrease, Megan desires to work less hours and take more hours of leisure. For Megan


◦ the substitution effect dominates the income effect.
◦ the income effect dominates the substitution effect.
◦ the substitution effect must equal the income effect.
◦ the substitution effect must be zero.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by lbcchick on Apr 19, 2019

laurnthompson

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lbcchick

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Reply #2 on: Apr 19, 2019
Excellent


laurnthompson

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


Kal El

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Reply #4 on: Dec 18, 2021
thanks


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