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Author Question: A backward-bending labor supply curve implies that A) the substitution effect dominates the ... (Read 181 times)

cookcarl

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on: Jul 1, 2018
A backward-bending labor supply curve implies that
 
  A) the substitution effect dominates the income effect at higher wage rates but not at lower wage rates.
  B) the substitution effect dominates the income effect at lower wage rates but not at higher wage rates.
  C) leisure is an inferior good.
  D) workers are irrational.

Question 2

Empirical studies have found that the labor supply curves for most parts of the population are
 
  A) backward-bending.
  B) upward-sloping.
  C) downward-sloping.
  D) nearly vertical.
Microeconomics ¦ Perloff ¦ 8th Edition
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zacnyjessica

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Reply #1 on: Jul 1, 2018
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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cookcarl

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Reply #2 on: Jul 1, 2018
Correct answers!


zacnyjessica

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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