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Author Question: If the income effect is ________ the substitution effect, the labor supply curve has a positive slope. (Read 57 times)

abern

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  • Posts: 533
on: Apr 19, 2019

Question 1

If the income effect is less than the substitution effect and the wage rate decreases, individuals


◦ will supply more work.
◦ will supply less work.
◦ will consume less leisure.
◦ cannot be determined from the given information.

Question 2

If the income effect is ________ the substitution effect, the labor supply curve has a positive slope.


◦ greater than
◦ smaller than
◦ equal to
◦ unrelated to
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by abern on Apr 19, 2019

amcvicar

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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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abern

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

ultraflyy23

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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