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Author Question: In order for you to consider steak and lobster to be perfect substitutes, their prices per pound ... (Read 61 times)

corkyiscool3328

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

TRUE


corkyiscool3328

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

billybob123

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

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