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Author Question: The income effect of a wage rate increase should lead to (Read 74 times)

mcmcdaniel

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on: Apr 19, 2019

Question 1

The substitution effect of a wage rate increase suggests that


◦ individuals will supply more work.
◦ individuals will supply less work.
◦ individuals will consume more leisure.
◦ individuals will supply more work and consume more leisure.

Question 2

The income effect of a wage rate increase should lead to


◦ an increase in the quantity of labor supplied and a decrease in leisure.
◦ an increase in the quantity of labor supplied and an increase in leisure.
◦ a decrease in quantity of labor supplied and an increase in leisure.
◦ a decrease in the quantity of labor supplied and a decrease in leisure.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mcmcdaniel on Apr 19, 2019

okolip

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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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mcmcdaniel

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Reply #2 on: Apr 19, 2019
Thanks


okolip

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


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