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Author Question: If the income effect is greater than the substitution effect, the labor supply curve (Read 77 times)

schs14

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on: Apr 19, 2019

Question 1

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


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

Question 2

If the income effect is greater than the substitution effect, the labor supply curve


◦ is horizontal.
◦ is vertical.
◦ has a negative slope.
◦ has a positive slope.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by schs14 on Apr 19, 2019

Christopher

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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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schs14

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

matt95

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

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