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Author Question: If the income effect of a wage change outweighs the substitution effect of a wage change, the ... (Read 221 times)

burton19126

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on: Apr 19, 2019

Question 1

Assume leisure is a normal good. The substitution effect of a wage increase implies a ________ demand for leisure and a ________ labor supply.


◦ lower; higher
◦ higher; lower
◦ higher; higher
◦ lower; lower

Question 2

If the income effect of a wage change outweighs the substitution effect of a wage change, the labor-supply curve is


◦ upward sloping.
◦ horizontal.
◦ vertical.
◦ backward bending.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by burton19126 on Apr 19, 2019

parshano

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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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burton19126

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Reply #2 on: Apr 19, 2019
Thanks


parshano

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Reply #3 on: Apr 19, 2019
Welcome :)


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