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Author Question: In order for you to consider steak and lobster to be perfect substitutes, their prices per pound ... (Read 60 times)

corkyiscool3328

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In order for you to consider steak and lobster to be perfect substitutes, their prices per pound must be identical.
 
  Indicate whether the statement is true or false

Question 2

The labor supply curve is backward bending because at higher wages the income effect eventually dominates the substitution effect.
 
  Indicate whether the statement is true or false



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Pamela.irrgang@yahoo.com

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Answer to Question 1

FALSE

Answer to Question 2

TRUE




corkyiscool3328

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


sailorcrescent

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Reply 3 on: Yesterday
Excellent

 

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